Intel has successfully countered an attempt to stop its chip sales to Huawei, amidst sanctions imposed by the Biden administration, according to two people familiar with the matter. Despite these efforts, Intel managed to continue its sales to the Chinese tech giant, involving hundreds of millions of dollars. This development comes alongside news that Intel's shares fell by 0.9% after a report about the Pentagon scrapping a plan for a $2.5 billion chip grant.
INTEL CORP SHARES SHARES DOWN 0.9% IN AFTER THE BELL TRADE FOLLOWING BLOOMBERG REPORT ABOUT PENTAGON SCRAPPING PLAN FOR $2.5 BLN CHIP GRANT
Intel survived bid to halt millions in sales to China's Huawei, sources say https://t.co/SsyzIM6CdI https://t.co/pouJ7b7kwv
Focus: Intel survived bid to halt millions in sales to China's Huawei, sources say https://t.co/UlppCZfS5d Intel has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, two people familiar with the matter said,
Intel Skirts Attempt To Stop China Chip Sales Despite Biden Admin Sanctions: REPORT https://t.co/WAFF1cpRN4
Intel survived bid to halt millions in sales to China's Huawei, sources say https://t.co/fp9Gm4xt95 https://t.co/ZAuZ98Ns7S
⚠️ INTEL SURVIVED BID TO HALT MILLIONS IN SALES TO CHINA'S HUAWEI, SOURCES SAY Full Story → https://t.co/6qxXavfnxJ Intel has survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei, two people familiar with the matter said, giving one of the… https://t.co/eDXZBuztwl