TOKYO -- Semiconductor stocks worldwide are retreating from their recent surge as investors scramble to lock in profits after Taiwan Semiconductor Manufacturing Co. lowered its outlook for chip market growth.
Global uncertainties spur profit-taking across markets
Taiwan Semiconductor Manufacturing Co. downgraded its growth outlook for the global logic chip industry this year to 10%, from over 10%. © Reuters
TOKYO -- Semiconductor stocks worldwide are retreating from their recent surge as investors scramble to lock in profits after Taiwan Semiconductor Manufacturing Co. lowered its outlook for chip market growth.