TSMC upbeat on chip outlook after Apple-Qualcomm settlement; first quarter disappoints
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TAIPEI (Reuters) - Taiwan's TSMC struck an upbeat note about the outlook for the depressed global chip market, betting that a rollout of faster 5G mobile network would buoy demand, even as it posted its steepest quarterly profit drop in more than seven years.TSMC, the world's biggest contract chipmaker, said a recent settlement between its top clients Apple and Qualcomm to end their two-year legal dispute over smartphone chips will help the Taiwanese firm."The settlement will bring forward 5G..