Broadcom sees chip demand slowing down, shares fall 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 Skyworks Solutions. "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.
from Yahoo News - Latest News & Headlines https://yhoo.it/2Id5Tao
via Latest News
Comments
Post a Comment