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TSMC sees major clients continue order cuts, but remains confident about 2023

With semiconductor inventory woes intensifying at supply chains, even TSMC cannot withstand the subsequent order-cutting storm, as many of its top-10 clients have cut more orders than expected since the third quarter, according to industry sources. But the foundry remains confident about its 2023 sales growth, mainly bolstered by strong order momentum from Apple and new volume orders from other major clients, the sources added.