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Broadcom Retreats From Annual Forecast, Citing Trade Concern

  • Chipmaker seeing rapid decline in orders from uneasy customers
  • U.S.-led trade war with China to hit predicted order rebound
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What Broadcom's Annual Forecast Says About the Chip Industry
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Broadcom Inc. cut its annual sales forecast, indicating the trade war between China and the U.S. will wipe out a rebound in orders it had been predicting for the second half of the year.

Shares fell as much as 9% during pre-market trading in New York Friday.