Intel faces security review in China impacting 25% of revenue

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.

Intel 4th Gen Xeon Scalable Processors
Intel 4th Gen Xeon Scalable Processors

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.

Latest

More like this
Related

Semiconductor sales surge 23.2% to $166 bn in Q3: SIA

Global semiconductor sales have reached $166 billion in Q3...

GlobalFoundries revenue drops 6% to $1.74 bn

GlobalFoundries Q3 2024 result indicated that its revenue fell...

Samsung Q3 results show it lost momentum in AI business

Samsung, announcing its financial result for Q3 2024, has...

Semiconductor revenue to achieve 14% growth to $717 bn

Global semiconductor revenue is set to grow significantly, with...