INTC - What's Going On With AMD Intel Stock Monday? | Benzinga
Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) shares are trading lower Monday after China announced new guidelines that will phase out AMD and Intel microprocessors in government PCs and servers.
What Happened: China is targeting chipmakers as it continues to work on replacing foreign technology with homegrown solutions. According to a Financial Times report, China has introduced new guidelines that will see foreign microprocessors phased out of government hardware.
Government agencies higher than the township level have reportedly been ordered to purchase "safe and reliable" processors and operating systems. The report indicates that China is also targeting Microsoft's Windows operating system and other foreign database software.
China represented 27% of Intel’s sales last year, making it ...