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Stock impact report

REFILE-UPDATE 3-Intel gets U.S. licences to supply some products to Huawei [Reuters]

Intel Corporation (INTC) 
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Company Research Source: Reuters
Intel gets U.S. licences to supply some products to Huawei By Josh Horwitz 2 Min Read (This Sept 22 story was corrected to add the dropped word “yet” in paragraph 6) SHANGHAI (Reuters) - Intel Corp has received licences from U.S. authorities to continue supplying certain products to Huawei Technologies, an Intel spokesman said on Tuesday. With U.S.-China ties at their worst in decades, Washington has been pushing governments around to world to squeeze out Huawei, arguing that the telecoms giant would hand data to the Chinese government for espionage. From Sept. 15, new curbs have barred U.S. companies from supplying or servicing Huawei. This week the state-backed China Securities Journal said Intel had received permission to supply Huawei. Last week China’s Semiconductor Manufacturing International Corporation confirmed it had also sought permission to continue servicing Huawei. SMIC uses U.S.-origin equipment to make chips for Huawei and other companies. South Korean chipmaker SK Hy Show less Read more
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