Broadcom to take US$2b hit from Huawei ban

ACQUIRED: Avago has bought WiFi and broadband chip maker Broadcom.

BROADCOM Inc. said it would make $2 billion less in annual sales than expected following the U.S. ban on exports to Chinese telecom giant Huawei Technologies Co., becoming one of the first big chip makers to quantify the financial impact of the Trump administration’s escalating trade dispute.

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