TSMC’s Outlook Tops Estimates as IPhone 7 Helps It Defy Slowdown

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  • World’s largest contract chipmaker is a major Apple supplier
  • Technology investment is helping it outpace market slowdown

Taiwan Semiconductor Manufacturing Co. forecast better-than-anticipated sales as Apple Inc. prepares to trot out its latest iPhone, helping the chipmaker defy the mobile industry’s worst-ever downturn.

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