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Broadcom's revenue forecast disappoints on weakness in chip business

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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.

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

Chief Executive Officer Hock Tan, however, said the outlook for its chip business reflects a surge in demand from cloud, telecom and enterprise customers.

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