Intel’s China unit announced on Thursday that it remains committed to product safety and quality after a prominent Chinese cybersecurity association called for a review of the U.S. chipmaker’s products sold in China.
In a statement released on its official WeChat account, Intel emphasized it will continue to communicate with the relevant Chinese authorities to address concerns and reaffirm its commitment to ensuring the safety and quality of its products, Reuters news report said.
The move to initiate a security review could significantly impact Intel’s sales in China, a crucial market that accounted for more than a quarter of the company’s revenues last year. Intel reported revenue of $54.2 billion (down 14 percent) in 2023 vs $63.1 billion in 2022.
Any regulatory actions from China’s cyberspace regulator may pose challenges for Intel, given the growing scrutiny on foreign tech companies in the country.
