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Broadcom's $2 billion warning shocks global chip sector

Friday, June 14, 2019, 9:14 PM

Broadcom Inc sent 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 $2-billion off the company's sales this year. The forecast, included in the company's second quarter results late on June-13, was the hardest evidence yet of the damage President Trump's trade-war with Beijing may do to global-industry.

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