Apple Suppliers Avago, Skyworks Shrug Off China Espionage News

MarketWatch Pulse

Shares of Avago Technologies Ltd. and Skyworks Solutions Inc. , two Apple Inc. suppliers targeted by alleged industrial spies working on behalf of China, have shrugged off the news to trade higher on Tuesday. Chip maker Avago rose 0.2% to $130.46, extending gains for a sixth session. Wireless chip supplier Skyworks rallied 1.9% to $105.03, up for a second day. The Justice Department accused six Chinese nationals of conspiring to steal trade secrets on sensitive wireless technology from the companies.

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