FTXL - Intel and AMD Clash Over Huawei Chip Sales Highlighting US Sanctions and Market Dynamics | Benzinga
Intel Corp (NASDAQ:INTC) has successfully navigated through attempts to block its substantial chip sales to Huawei, a major Chinese telecom company facing heavy sanctions.
This development allows Intel, one of the leading global chipmakers, additional time to engage in transactions with Huawei despite ongoing pressures on U.S. President Joe Biden to cancel a license granted by the previous administration.
This license enables Intel to supply Huawei with advanced laptop processors, a move contested by Intel’s competitor, Advanced Micro Devices Inc (NASDAQ:AMD), and proponents of stricter sanctions against China, citing unfairness and national security concerns, Reuters reports.
According to Canalys analyst ...