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Stockreport

Intel faces headwinds in China as trade body calls for security probe [CNBC]

Intel Corporation (INTC)  More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
According to Daniel Newman, CEO of The Futurum Group, the accusations may be politically motivated and represent serious headwinds for Intel. Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses “serious risks” to national security. In a statement on Wednesday evening, the Cybersecurity Association of China outlined alleged vulnerabilities in Intel's CPU chips, claiming the flaws in product quality and security management show an “irresponsible attitude toward its customers,” according to a Google translation. CSAC 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 likel [Read more]
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Stockreport

Intel faces headwinds in China as trade body calls for security probe [CNBC]

Intel Corporation  (INTC) 
More Company Research Source: CNBC
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
According to Daniel Newman, CEO of The Futurum Group, the accusations may be politically motivated and represent serious headwinds for Intel. Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses “serious risks” to national security. In a statement on Wednesday evening, the Cybersecurity Association of China outlined alleged vulnerabilities in Intel's CPU chips, claiming the flaws in product quality and security management show an “irresponsible attitude toward its customers,” according to a Google translation. CSAC 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 likel [Read more]
IMPACT SNAPSHOT
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INTC
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Performance comparison Updated
EVENT DAY
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LAST PRICE AT
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Multi-day stock performance from the time of the news release
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%
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