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Stockreport

US revokes some export licenses for selling semiconductors to China's Huawei [CNN]

Intel Corporation (INTC)  More Company Research Source: CNN
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said. A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. A spokesperson for Intel (INTC ) declined to comment. Qualcomm ( QCOM ) did not respond to a request for comment, and Huawei did not immediately respond. The move comes after the release last month of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor. The laptop launch drew fire from Republican lawmakers, who said it suggested to them that the Commerce Department had given the green light to Intel to sell the chip to Huawei. Ad Feedback “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a sta [Read more]
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Stockreport

US revokes some export licenses for selling semiconductors to China's Huawei [CNN]

Intel Corporation  (INTC) 
More Company Research Source: CNN
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said. A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. A spokesperson for Intel (INTC ) declined to comment. Qualcomm ( QCOM ) did not respond to a request for comment, and Huawei did not immediately respond. The move comes after the release last month of Huawei's first AI-enabled laptop, the MateBook X Pro powered by Intel's new Core Ultra 9 processor. The laptop launch drew fire from Republican lawmakers, who said it suggested to them that the Commerce Department had given the green light to Intel to sell the chip to Huawei. Ad Feedback “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a sta [Read more]
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INTC
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