Broadcom (AVGO) Sheds 3.8% on China Probe

Group 1 - Broadcom Inc. shares declined by 3.84% to $346.17, marking a second consecutive day of losses due to investor concerns over China's investigations into the US chip sector [1][3] - China's Ministry of Commerce initiated an anti-dumping probe into certain US-made analog IC chips following a complaint from Jiangsu Semiconductor Industry Association regarding alleged dumping practices [2][3] - The complaint indicated that US products under investigation have seen significant price declines, with dumping margins exceeding 300% during the investigation period [3][4] Group 2 - The products under investigation have maintained an annual market share of 41% in China over recent years [4] - Broadcom has not yet issued a statement addressing the allegations related to the anti-dumping probe [4]