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Qorvo shares slide another 9 percent on analyst downgrade, weak China outlook
2015-09-29 06:46:49| Semiconductors - Topix.net
The value of communications chipmaker Qorvo has fallen by half in the last three months, including a 9 percent slide in the share price Monday when a Portland investment firm sharply cut its rating on the stock. The deteriorating outlook will put additional pressure on the company to deal with excess production capacity, amplifying the uncertainty around the long-term future of its Hillsboro factory.
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Category:Electronics and Electrical