TL;DR CNBC

AMD and Intel dip on report China told telecoms to remove foreign chips

Publishing timestamp: 2024-04-12 12:54:57

Summary

AMD and Intel stocks dipped after China ordered telecom carriers to stop using foreign chips, impacting their revenue. China's efforts to reduce reliance on foreign technology and U.S. regulations on chip exports are affecting the companies.

Sentiment: NEGATIVE

Tickers: INTC,  AMD, 

Keywords: breaking news: technology,  intel corp,  advanced micro devices inc,  technology,  business news, 

Source: https://www.cnbc.com/2024/04/12/amd-intel-dip-on-report-china-told-telecoms-to-remove-foreign-chips.html