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Intel survived bid to halt millions in sales to China's Huawei, sources say

Summary by Ground News
Intel has successfully survived efforts to block its sales of chips, worth hundreds of millions of dollars, to Huawei, Reuters reported Tuesday. The move allows Intel, one of the world's leading chipmakers, to continue its business with the Chinese telecommunications giant, which faces significant sanctions.

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Intel, the US semiconductor manufacturer, reportedly withdrew early the revocation of a license for supplying computer chips to the Chinese company Huawei. These contracts had a volume of several hundred million dollars, said two people familiar with the matter on Tuesday. However, Intel's export permit expires in a few months. An extension is unlikely. Rival AMD has been pushing for US President Joe Biden to revoke the special permit granted by…

·Vienna, Austria
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Bias Distribution

  • 67% of the sources are Center
67% Center
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Quartz broke the news in United States on Tuesday, March 12, 2024.
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