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Trade war

US chip supplier Qorvo lowers sales outlook due to Huawei ban

Reliance on Chinese giant starts to hurt midsize American companies

The downward revision follows compatriot Lumentum Holdings lowered revenue forecast earlier this week. (Photo by Rie Ishi)

PALO ALTO, U.S. -- Semiconductor supplier Qorvo downgraded its sales forecast on Tuesday following U.S. President Donald Trump's decision to block exports to its key customer, China's Huawei Technologies.

The American company slashed its sales forecast for the April-June quarter by as much as 9%, down to between $730 and $750 million from the previously forecast range of $780 to $800 million.

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