Broadcom sees chip demand slowing down, shares fall 8%
Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California/ (Reuters) - Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a trade conflict between the United States and China and export restrictions on Huawei Technologies Co Ltd and the chipmaker cut its revenue forecast for the year by 8%. Shares of the San Jose, California-based company fell 8% to $258.75 in extended trading and the remarks dragged down stocks of other chipmakers, including Qualcomm, Texas Instruments and ...
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