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.
Chipmaker logs better-than-expected Q1, but sees slow recovery ahead

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