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"China Directs Telecom Carriers to Replace Foreign Chips, Impacting Intel and AMD Stocks"

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Source: Bloomberg
"China Directs Telecom Carriers to Replace Foreign Chips, Impacting Intel and AMD Stocks"
Photo: Bloomberg
TL;DR Summary

China has instructed telecom carriers to remove foreign chips from their core networks by 2027, potentially impacting US chipmakers like Intel and Advanced Micro Devices, whose shares fell about 2% in pre-market trading in New York.

Topics:business#advanced-micro-devices#china#chips#intel#technology#telecom
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  1. China Asks Telecom Carriers to Replace Foreign Chips, WSJ Says  Bloomberg
  2. Intel, AMD stock drop on report China is phasing out foreign chips By Investing.com  Investing.com
  3. China tells telecom carriers to phase out foreign chips in blow to Intel, AMD - WSJ  Reuters

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