Qorvo beat expectations but warned on China demand for its year-end outlook.
“Our outlook calls for a strong December quarter with higher volumes and ongoing cost control, and it factors in a more measured view on demand from China-based handset manufacturers,” according to Qorvo.
Further bolstering the tech outlook, President Donald Trump and Chinese President Xi Jinping expressed progress in talks on Thursday. President Trump said Thursday he had a “long and very good conversation,” the Wall Street Journal reports.
The easing tension between the two, especially over trade talks, could help reduce the murky outlook on semiconductors that plagued the sector when investors and observers considered the ramification of increased trade barriers.
“Anything positive on trade is definitely going to be a boost to markets and it eases concern around the whole issue with China,” Carbone added
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