China asks telecom companies to phase out foreign-made chips: Report

In a blow to Intel (INTC) and AMD (AMD), China has asked its largest telecom carriers to phase out foreign chips from their networks by 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. #news #youtube #China About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at - Download the Yahoo Finance app on Apple () or Android () - Follow Yahoo Finance on social: X: Instagram: TikTok: @yahoofinance?lang=en Facebook: LinkedIn: