Market Chatter: Intel Faces Questions Over Use of Tools From Blacklisted China Firm

MT Newswires Live

03/05

Intel (INTC) has a March 20 deadline to answer questions about whether the company uses technology from a blacklisted Chinese subsidiary of ACM Research, The New York Times reported Wednesday, citing a letter sent by US lawmakers to CEO Lip-Bu Tan.

The lawmakers asked whether Intel's engagement with the maker of semiconductor tools could pose national security risks and enable China to access the company's chip-making processes, the letter stated, according to the media outlet.

Intel did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 45.75, Change: +2.65, Percent Change: +6.14

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