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Intel and Advanced Micro Devices fell more than 2% on Monday after a report that China would limit the use of their chips and servers in government computers, potentially threatening billions...
Intel and Advanced Micro Devices fell more than 2 per cent on Monday (Mar 25) after a report that China would limit the use of their chips and servers in government computers, potentially threatening billions of dollars in sales for the US companies. The Financial Times reported over the weekend China has
"A total cessation of China governmental purchases of Intel and AMD CPUs might impact revenue by low-single digits," said Bernstein analyst Stacy Rasgon, predicting a hit of up to $1.5 billion for Intel and a few hundred million dollars for AMD.
Intel and AMD witnessed their stock price fall more than 2% on Monday following reports indicating China would restrict the use of their chips
Intel and Advanced Micro Devices could lose billions of dollars in sales if China limits the use of their chips and servers in government computers, several Wall Street analysts said on Monday. ...