Xilinx resumes some Huawei sales, but lower forecast sends shares down

July 25, 2019 admin Business News Comments Off on Xilinx resumes some Huawei sales, but lower forecast sends shares down

Xilinx Inc said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact of U.S. restrictions on selling to the Chinese telecommunications firm.

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Source:: Reuters – Business News