The top 10 foundries had an 18.6% QoQ decline in revenue in Q1. Collectively that meant a $27.3 billion hit to Q1 revenues. The decline was influenced by weak demand leading tomdeclining capacity utilisation rates and shipment volume across the top 10 foundries. TSMC had $16.74 billion in revenue—marking a 16.2% QoQ drop. Samsung had …
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