Why US Chip Companies Are Lobbying to Ease the Huawei Ban

Puja Tayal
Why US Chip Companies Are Lobbying to Ease the Huawei Ban

In its fiscal 2019 second-quarter earnings release, Broadcom lowered its full-year revenue guidance by $2 billion and blamed the Huawei ban and the US-China trade war for the decline. Broadcom stated that the ban on Huawei would directly eliminate $900 million in annual revenue.