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.
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