Broadcom's revenue forecast disappoints on weakness in chip business
Share:
(Reuters) - Broadcom Inc on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts' estimates as its chip business took a hit from supply chain disruptions caused by the novel coronavirus.Chief Executive Officer Hock Tan, however, said the outlook for its chip business reflects a surge in demand from cloud, telecom and enterprise customers.The company reported better-than-expected growth in quarterly revenue, supported by higher demand for chips used in data..