The world's largest chipmaker just issued a warning that the industry's red-hot growth could slow

• TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call.
• The dimmed outlook comes on slowdown expectations for automotive chips.
• But the firm still projects strong AI-led revenue growth in the second-quarter.

Microchips aren't making the inventory comeback industry optimists have hoped for, compelling the world's top chip producer to dim its outlook.

Taiwan Semiconductor Manufacturing now expects the market to expand 10%, excluding memory chips. That's down from the "more than 10%" forecast it laid out months prior.