Tim Culpan, Columnist

Thought 2018 Was Ugly for Tech? It’s Only Getting Worse

TSMC’s outlook shows that the chip sector is still struggling with inventory stockpiles amid slowing growth.

Don’t get too comfy, C.C. Wei.

Photographer: Billy H.C. Kwok/Bloomberg
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That pain the global tech industry felt at the end of 2018 isn’t about to abate.

The outlook from Taiwan Semiconductor Manufacturing Co. Thursday in Taipei paints a dire picture that will persist at least through the middle of this year.