AMD and Intel dip on report China told telecoms to remove foreign chips

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AMD and Intel dip on report China told telecoms to remove foreign chips
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Shares of U.S. chipmakers fell after The Wall Street Journal reported China is ordering the country’s top telecom carriers to stop using foreign…

Advanced Micro Devices and Intel dipped on Friday after The Wall Street Journal reported China is ordering the country's largest telecom carriers to cease use of foreign chips.

Chinese officials issued the directive earlier this year for the telecom systems to replace non-Chinese core processors by 2027, the Journal reported.Chinese officials issued the directive earlier this year for the telecom systems to replace non-Chinese core processors by 2027, the Journal reported, citing people familiar with the matter. The report said the mandate would impact Intel and AMD.revenue.

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