Intel survived bid to halt millions in sales to China's Huawei, sources say
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Intel (INTC) resisted attempts to block multimillion-dollar sales to Huawei - Reuters
March 12, 2024 8:45 AM EDTIntel (NASDAQ: INTC) has successfully survived efforts to block its sales of chips, worth hundreds of millions of dollars, to Huawei, Reuters reported Tuesday.
The move allows Intel, one of the world's leading chipmakers, to continue its business with the Chinese telecommunications giant, which faces significant sanctions.
The Biden administration has faced calls to withdraw a license granted by its predecessor, allowing Intel to supply Huawei with advanced processors for laptops, the report says.
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