MarketWatch First Take: Broadcom slaps down hopes for a second-half rebound in chips

Tech conglomerate Broadcom Inc. pretty much wiped out remaining hopes for a substantial rebound in the semiconductor market this year, citing Thursday a combination of the sanctions on Huawei Technologies Co. and customers made jittery by trade concerns.

Broadcom AVGO, +0.67%lowered its guidance for the rest of the year while reporting second-quarter earnings Thursday afternoon. The San Jose, Calif.-based company said that it expects revenue for its semiconductor-solutions business, still its biggest revenue-generator, to fall about 10% for the full year amid export bans on large customer Huawei and ongoing trade tensions.

“In the second half, we had expected a recovery; however .

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