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Chipmaker Stocks May Fall 10% Over the Short Term

Chipmakers had a rough week with shares of the iShares PHLX Semiconductor ETF ( SOXX) falling sharply, over 6% in just two days of trading. The declines were set off after Taiwan Semiconductor Manufacturing Co. Ltd. ( TSM) reported a weak revenue outlook, renewing fears of weak Apple Inc. ( AAPL) iPhone sales.