Intel faces headwinds in China as trade body calls for security probe [MSNBC.com]
Intel Corporation (INTC)
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Source: MSNBC.com
In this articleDado Ruvic | ReutersIntelIn astatementCSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users.Daniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in regard to chip controls and AI leadership."Given Intel's recent challenges, the timing is likely well orchestrated as Intel is up against a number of market challenges and now has to deal with China putting pressure on its significant revenue and market share in the region," Newman said.China accounted for 27.4% of Intel'srevenue in 2023stock is strugglingHowever, under U.S. chip policy, the company has been restricted from exporting some of its most advanced products to Chinese clients. It has also been barred from shipping tocertain Chinese clientsIn its statement, CSAC noted that Intel has also been one of the largest beneficiaries of the B
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- Intel Co. (NASDAQ: INTC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $22.00 to $21.00. They now have a "sell" rating on the stock.MarketBeat
- Intel faces headwinds in China as trade body calls for security probe [CNBC]CNBC
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