China Asks Telecom Carriers to Replace Foreign Chips, WSJ Says.

China orders telecom carriers, including China Mobile, to replace foreign chips in core networks by 2027, per Wall Street Journal report. This move could negatively impact US chipmakers Intel Corp. and AMD, as Beijing aims to replace Western technology with local alternatives amid escalating tensions with the US. The Biden administration has tightened restrictions on high-tech exports to China.

April 12, 2024
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