China aims to phase out foreign chips from telecom systems: WSJ [Yahoo! Finance]
Intel Corporation (INTC)
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Source: Yahoo! Finance
2027, according to a Wall Street Journal report . With shares of Intel and AMD sinking on the news, Yahoo Finance reporter Akiko Fujita joins Yahoo Finance to discuss the latest Chinese effort to remove America from its technology. Despite US export controls aimed at Huawei's semiconductor capacities, the Chinese technology company is still able to produce chips for Chinese telecom carriers. China constitutes a large share of Intel and AMD's revenue, though only some of the demand comes from telecommunications and data centers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy. Video Transcript Chinese officials are telling telecom carriers to phase out foreign chips. That's according to reporting from the Wall Street Journal. Sending American chip giants off of that news, Intel and AMD stocks were tumbling. Joining us to break down China's US Tech crackdown, Yahoo Finance rep
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