Rick Tsai, chief executive of Taiwan Semiconductor Manufacturing Company, which commands half of the sector's global market share, said foundries such as TSMC and United Microelectronics Corp were being hit as the industry faced the “unusually challenging environment” caused by the financial crisis.
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Semiconductor manufacturers round the world are reporting worsening results and reduced orders because of the looming prospect of a global recession. TSMC expects its revenue in the fourth quarter of this year to be about T$70bn ($2.1bn), a decline of about 25 per cent from the third quarter. UMC, its main rival, predicted a similar decline in fourth quarter sales on Wednesday.
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