Broadcom Inc on Thursday warned of a broad slowdown in chip demand, blaming a tr...
- 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%.
“It is clear that the U.S.-China trade conflict including the Huawei export ban is creating economic and political uncertainty and reducing visibility,” Chief Executive Officer Hock Tan said on a conference call with analysts. “What’s the impact of the Huawei ban on a company like us selling components and technology? Well, short term, keep in mind we’ll see a very sharp impact simply because no purchases allowed and there’s no obvious substitution in place,” Tan said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Broadcom sees broad-based demand slowing down, shares fall 7%Broadcom Inc on Thursday cut its full-year revenue forecast, blaming a broad-bas...
Consulte Mais informação »
Broadcom slaps down hopes for a second-half rebound in chipsTech conglomerate Broadcom Inc. pretty much wiped out any hopes for a better second half, citing a combination of the sanctions on Huawei, but also an...
Consulte Mais informação »
Maluma Shares Shirtless Selfie, Madonna Jokes 'Slow Down': See Pic
Consulte Mais informação »
Broadcom falls after slashing revenue guidanceBroadcom shares moved lower on Thursday after the company lowered revenue guidance for the year.
Consulte Mais informação »
Stocks making the biggest moves after hours: Chip stocks fall, Fiverr climbsStocks making the biggest moves after hours: Broadcom falls, Fiverr climbs
Consulte Mais informação »
OPEC's oil output falls to 5-year low in May as group warns of weaker demandOil production from OPEC fell by 236,000 barrels per day in May to 29.88 million bpd, the lowest level since June 2014.
Consulte Mais informação »