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Foundries face heavy market capitalization erosion after TSMC guidance cut

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Foundries face heavy market capitalization erosion after TSMC guidance cut

The continuing global economic woes have hit the Taiwan foundry industry badly.
With leading foundry player Taiwan Semiconductor Manufacturing Company (TSMC) having downgraded its guidance for the first time over the past seven years, the shockwaves sent its own and other foundry players’ share prices crashing on December 2.

More here at Digitimes.

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