US chipmakers slide premarket on reported Huawei halt

Monday, 20. May 2019 13:27

Shares of some of the major United States-based chipmakers posted losses in premarket trading on Monday after it was reported that they have decided, or are considering the option, to halt deliveries to Huawei Technologies Co., after it was placed on a blacklist by the US Commerce Department.

According to a Bloomberg report, Intel Corp, Qualcomm Inc, Xilinx Inc. and Broadcom Inc. have already decided to stop selling their technology to the rising Chinese giant. The Asian Nikkei Review wrote that Micron Technology and Western Digital Corp. have done so as well, together with Germany's Infineon, while STMicroelectronics is yet to decide.

Qualcomm was down 4.05% in premarket trade at 7:16 am ET, while Broadcom slid 2.38% at 7:08 am ET. Intel contracted 2.03 at 7:18 am ET. Micron tumbled 3.77 at 7:16 am ET, as Western Digital decreased by 2.60% at 7:09 am ET. Silicon Valley-based Xilinx was 4.80% in negative territory at 7:14 am ET.

Related Links: Micron Technology Inc.Western Digital Corp.Xilinx Inc.Broadcom Inc.Intel CorporationQualcomm Inc.
Breaking the News / NI