TAIPEI -- Taiwan's IT industry is facing its biggest slump on record, with the combined sales of 19 major companies down about 20% on the year in June, as the post-pandemic drop in demand for smartphones and computers hits component makers hard.
Technology
TSMC, Foxconn hit in biggest Taiwan tech slump in 10 years
Industry's sales fall 20% in June on weak global demand for electronic devices
Demand for Apple and other electronic devices has cooled following the coronavirus pandemic. (Photo by Hideaki Ryugen)
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