technology-trade-war1.52 min read "China's Plan to Remove Intel and AMD Chips Sends Stocks Sliding"
Shares of Advanced Micro Devices and Intel dipped after reports that China is instructing its largest telecom carriers to remove foreign chips, impacting the companies' sales in the country. China's directive aims to replace non-Chinese core processors by 2027, highlighting the ongoing technology trade war between the U.S. and China. Both AMD and Intel have significant revenue reliance on China, despite U.S. regulations restricting chip exports to the country and China's efforts to reduce dependence on foreign technology.
2 years ago•Source: CNBC
