Broadcom’s Earnings Dampen Hopes of a Semiconductor Rebound

Broadcom’s Earnings Dampen Hopes of a Semiconductor Rebound

The US-China trade war accelerated in May after both countries hiked tariffs and the US imposed a technology ban on Huawei, the world’s second-largest smartphone maker and the largest mobile infrastructure equipment supplier. The US will decide whether to impose tariffs on an additional $300 billion worth of Chinese imports by the end of June or early July.