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UPDATE 1-Wafer maker Siltronic hits 3-year low as U.S. Huawei ban bites [Reuters (UK)]
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UPDATE 1-Wafer maker Siltronic hits 3-year low as U.S. Huawei ban bites - Reuters 4 Min Read * German company issues second profit warning in 2 months * Blames “negative impact” of U.S. curbs on exports to China * Follows warning of $2 billion sales hit from Broadcomm * Shares down 14% in biggest one-day drop, hit 3-year low (Adds market reaction, context on Siltronic) By Douglas Busvine FRANKFURT, June 18 (Reuters) - Siltronic, a German maker of wafers used to make silicon chips, became the latest semiconductor firm to fall victim to a U.S. crackdown on exports to China as it issued its second profit warning in two months. Shares in Siltronic fell 14% - their biggest one-day drop - to hit a three-year low after the company said second quarter sales would be “significantly below” first-quarter levels, with a further decline likely in the third quarter. “Siltronic AG currently sees a continuing slowdown of the semiconductor industry, which is driven by geopolitical uncertainties, and t
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