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Huawei ban will have 'a short-term impact' on Analog Devices, says CEO

Lucia Maffei
Huawei ban will have 'a short-term impact' on Analog Devices, says CEO

The multinational semiconductor company with headquarters in Norwood said the Trump administration’s move to ban Huawei equipment last week "will have at least a short-term impact" on the company's finances. On Wednesday morning, Analog Devices (Nasdaq: ADI) was the first large U.S. chipmaker to report earnings results following the federal ban last week. The Chinese company accounts for 3.3 percent of the revenue of Analog Devices, according to Bloomberg supply-chain data.