5G Stock Xilinx Stock Rallies on Easing Chinese Sale Restrictions
Xilinx (NASDAQ: XLNX) has had to deal with some serious collateral damage from the U.S.-China trade war the last couple of years. Trade tensions devolved into lost sales for the field programmable chip (FPGAs) leader after tech giant Huawei got blacklisted in 2019, and the current state of world affairs brought on by you-know-what put the kibosh on other segments (like 5G mobile network rollout), which otherwise could have offset the loss of the large customer. Late in 2019, it was deduced that Huawei revenue was a high single-digit percentage of Xilinx's total revenue.
