Semiconductor manufacturer TSMC expects its revenues to fall 22% year over year in 1Q 2019. CFO Lora Ho has stated that “the trade war causes a lot of uncertainties” with an impact on “demand and the business environment”. That follows signs of slowing sales from Apple’s recent guidance statement. Chinese bilateral in semiconductors fell 12.5% in December after a 14.8% rise in the prior three months, indicating there is certainly a slowdown underway. Yet, the U.S. accounted for just 3.6% of Chinese exports of semiconductors in the three months to Oct. 31 – the ...