Mobile chip king MediaTek lowers outlook on expected smartphone dip

New foundry partner Intel reported a sharp drop in profit amid PC downtown

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- Leading mobile chipmaker MediaTek said on Friday it had lowered its full-year growth target as it predicted a decline in global smartphone shipments, warning that global macroeconomic uncertainties will hamper demand.

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