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Acacia Communications Sees Little Impact From Blacklisting of Huawei

Rob Lenihan

said Friday that the U.S. government's blacklisting of China-based telecom Huawei Technologies will have little impact on the company's bottom line. The U.S. Commerce Department added Huawei and dozens of its affiliates to an "Entity List" that would greatly restrict its ability to buy components from U.S. companies. Shares of the Maynard, Massachusetts-based company tumbled 5.8% Thursday and were off slightly to $49.83.