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TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall …

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Bed Bath & Beyond prepares to file for bankruptcy within weeks – sources

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Jan 5 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said, following weak sales and an inability to compete major online and big-box retailers. The U.S. home goods retailer plans to skip debt payments due Feb. 1, one of the …

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Foxconn woes will weigh heavier on China’s giant iPhone factory as more workers leave – source

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November shipments from Foxconn’s Zhengzhou plant to drop further – source Workers’ discontent at the factory turned into protests this week More than 20,000 workers, mostly new recruits, left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone factory in China is expected to see its November shipments further reduced by the latest …

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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

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Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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