Xilinx Inc on Wednesday forecast current-quarter and full-year revenue below Wal...
) on Wednesday forecast current-quarter and full-year revenue below Wall Street estimates, the second major chipmaker this week to flag the impact of a prolonged U.S.-China trade dispute on its business.
Xilinx, which has resumed some sales to Huawei since the ban in May, said the U.S. government has not approved its license applications to permit shipping more products to Huawei. “We really hope that the governments can come to agreement and resolve this structural issue so we can continue to engage with Huawei,” Peng said.
Xilinx said it expects third-quarter revenue of between $710 million and $740 million, well below analysts’ average estimate of $844.9 million, according to IBES data from Refinitiv.
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