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Taiwan Semiconductor (TSM), which has already slashed its 2011 capex forecast, plans to cut its...

Taiwan Semiconductor (TSM), which has already slashed its 2011 capex forecast, plans to cut its 2012 capex 19% from 2011 levels, according to sources speaking with a Chinese-language paper. That's potentially bad news for chip equipment makers such as AMAT, KLAC, and LRCX, who are already struggling with declining orders.
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