The list of things pounding Intel's bottom line keeps growing. This one is going to hurt. Management should be planning on phasing out Intel sites in China.
https://www.investing.com/news/stock-market-news/intel-amd-stock-drop-on-report-china-is-phasing-out-foreign-chips-3376168
Management is uninformed, in conflict of interest or stoopid or all of the above . other companies are politely changing the topic when it is about intel 'management'
Apple is far more exposed to China than Intel, yet is moving at a snail's pace to change that. I won't hold Apple stock for that reason.
Intel actually successfully petitioned Biden for waivers to keep on selling more chips to China/Huawei. AMD was more hamstrung by the ban, but maybe it was because Biden didn't want China to get the better AMD chips.
And now this. Poor Pat Pat. Now go sit on a bat.
@ljk, first day on this site? Yes, the general consensus is that management is that uninformed. Whatever the reason the net effect is to reduce their dependence on foreign parts. The same as the west is doing to them. Intel is a company that’s going to feel the impact.
China - Our copy exact is now complete. Thank you..now GET OUT
Biden/Pat initiative the trumped up "security" charges and now Karma
Phase out Intel's large assembly/test facilities in China.
Half of total market lost right there. INTC should be priced down immediately to half and 50% workforces layoffs cannot be avoided.
Surrender to china and adopt the petro yuan before its too late.
Do you really think that management is that uninformed - China is not a new topic. This is a reciprocal move to the FCC ban Huawei.