Tech Down as VMWare, China Fears Weigh — Tech Roundup

Tech Down as VMWare, China Fears Weigh — Tech Roundup


Shares of technology companies fell after one major deal was jeopardized by U.S.-China tensions, stoking concerns that the tech trade war will hurt the industry.

Shares of VMWare plunged after The Financial Times reported Broadcom’s roughly $61 billion deal to buy the maker of virtualization software was held up by Beijing authorities, largely in response to U.S. controls on semiconductor trade with China.

Shares of Tesla tumbled after the electric-vehicle maker’s…



Source link