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Taiwan Semiconductor Manufacturing Co. is a bellwether for the global tech industry, as it supplies many of the world's biggest chip developers. © Reuters

LAULY LI, Nikkei Asia tech correspondent

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker, is predicting its first full-year revenue drop since 2009 after lowering its outlook for this year due to weak demand and persistently high inventory levels.

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