Chipmaker Broadcom’s price tag for US-China rivalry causes shockwaves
Loss of sales likely to cost the US chipmaker $2bn this year as trade tension and Huawei ban add to slowing demand
14 June 2019 - 15:58
London/Begaluru — Broadcom sent a shockwave through the global chipmaking industry on Friday with its forecast that US-China trade tensions and the ban on doing business with Huawei Technologies would knock $2bn off the company’s sales this year.
The forecast, included in the company’s second-quarter results late on Thursday, was the hardest evidence yet of the damage President Donald Trump’s trade war with Beijing may do to the global industry...
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