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Tech Lower as Trade-War Fears Hurt Semiconductor Stocks -- Tech Roundup

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08/23/2019 | 05:27pm EDT

The technology sector fell sharply as hopes for a cease-fire in the U.S.-China trade conflict faded.

Semiconductor makers, whose products criss-cross the Pacific between the U.S. and China, were among the hardest hit. The PHLX Semiconductor index fell by more than 4%.

Software company VMware plans to buy Pivotal Software and cybersecurity provider Carbon Black, bolstering its push to allow customers to build, manage and secure applications across devices and cloud-computing environments.

A federal appeals court on Friday halted for now a ruling that found Qualcomm committed an array of antitrust violations, a boost for the chip designer that allows it to maintain its business practices for the near future.

Rob Curran, rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
CARBON BLACK INC -0.04% 25.94 Delayed Quote.93.29%
FORD MOTOR COMPANY 0.77% 9.17 Delayed Quote.19.87%
PIVOTAL SOFTWARE INC 0.00% 14.86 Delayed Quote.-9.11%
QUALCOMM -2.29% 76.44 Delayed Quote.34.32%
VMWARE, INC. -0.60% 150.78 Delayed Quote.9.95%
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