Broadcom Inc said on Thursday demand for microchips had hit a bottom and would r...
- Broadcom Inc said on Thursday demand for microchips had hit a bottom and would remain at current levels, a sign that an industry downturn may linger, and added that there was no clear indication as to when the recovery would take place.
“...There is not much clarity or visibility yet, or certainty that any sharp recovery is around the corner,” Chief Executive Officer Hock Tan said on a post-earnings call. The chipmaker also maintained its full-year 2019 revenue forecast of $22.50 billion, saying that although the U.S.-China trade conflict continues, it had not seen further deterioration in its business, both globally and in China.
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