U.S. Markets close in 4 hrs 57 mins

Broadcom’s Guidance Shows Impact of Huawei Ban on Chip Companies

Puja Tayal
Broadcom’s Guidance Shows Impact of Huawei Ban on Chip Companies

The United States banned all its companies from doing business with Huawei effective May 15 but later gave a 90-day waiver to give the US and Chinese firms time to adjust their supply chains. This ban goes two ways. US firms cannot ship technology to Huawei, nor can they use Huawei’s technology.