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Apple, Philip Morris, chips lead slide on Wall Street


Apple, Philip Morris, chips lead slide on Wall StreetA warning from Taiwan Semiconductor (TSMC) <2330.TW>, the world's largest contract chipmaker and Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks. Apple's (AAPL.O) shares also fell 2.4 percent, with analysts telling Reuters that TSMC's warning was related to the iPhone maker.





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