Broadcom sees chip demand slowing down, shares fall 8%

Shares of the San Jose, California-based company fell 8% to $258.75 in extended trading and the remarks dragged down stocks of other chipmakers, including Qualcomm, Texas Instruments and Skyworks Solutions. "It is clear that the U.S.-China trade conflict including the Huawei export ban is creating economic and political uncertainty and reducing visibility," Chief Executive Officer Hock Tan said on a conference call with analysts.

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