Broadcom withdraws 2020 revenue forecast on coronavirus hit

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Broadcom withdraws 2020 revenue forecast on coronavirus hit
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Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host ...

FILE PHOTO: A sign to the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

- Broadcom Inc withdrew its revenue forecast for 2020 on Thursday, joining a host of chipmakers that have either cut or pulled their sales outlook due to disruptions in global supply chain caused by the coronavirus outbreak. Nearly 20% of Broadcom’s revenue in 2019 had come from Apple Inc, which was the first big technology company to say the epidemic was hurting its production and demand in China.

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