China asks telecom companies to phase out foreign-made chips: Report

In a blow to Intel (INTC) and AMD (AMD), China has asked its largest telecom carriers to phase out foreign chips from their networks by 2027, according to a Wall Street Journal report. With shares of Intel and AMD sinking on the news, Yahoo Finance reporter Akiko Fujita joins Yahoo Finance to discuss the latest Chinese effort to remove America from its technology.
Despite US export controls aimed at Huawei's semiconductor capacities, the Chinese technology company is still able to produce chips for Chinese telecom carriers. China constitutes a large share of Intel and AMD's revenue, though only some of the demand comes from telecommunications and data centers.
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[BitKoinETF]

Hahaha 😂 What's the problem? Wasn't the US trying to stop chip companies from supplying Chinese companies? So great to see the two governments working together ❤️

[vlhc]

Rare moment of collaboration between US and China

[winsonip]

Do not label Beijing's actions as retaliatory. They have learned a great deal from Washington and Brussels about placing national security and de-risk as top priorities.

[Cellpeg]

When the US(West) restricts exports of chips to China. What do you expect?.

[slumerville]

US government: We are banning sellingUS chips to China
China: We are banning buying US chips.
US chips company: WTF

[zhoubaidinh]

China did not start this economic war with the US...China has the right, the obligation, to defend herself when attacked, economically, ideologically, kinetically.

[JayTse-xl]

The US wanted decoupling, they got their wish. This is just the start.

[EscapedConvict]

Well, at least that’s one thing both countries can agree on, that China does not use American chips. US govt should be happy right?

[coliv]

The US should be happy, wasn't the goal to stop American companies from selling chips to China? 🤣

[polysporin]

USA basically forced Japan and S.Korea to losing their market share in China as well.

[szhou]

Based on the comments on this board, the people are 1 million times smarter than the politicians.

[tsengenhu]

Sanctions are forcing the acceleration of self reliance… the greatest blunder of the decade.

[stellaandeddieluechin]

VERY SOON JANET YELLEN WILL RETURN TO CHINA COMPLAINING ABOUT THE " OVER CAPACITY OF CHIPS. "😂😂😂😂

[jukih]

China doesn't need those chips anymore, they have their own now.

[deerbeau]

Dear America, be careful what you wish for. 😂

[albertwee]

Who's got the last laugh? Way to go China.

[davidwang]

Intel: Should I build new factories or not? It would be nice if we get enough orders from Somalia and Philipines…

[aljorgy]

Sanctions have repercussions dear America !

[JL]

Fantastic that China minimise dependancy onforeign chips when everything technological is used as a weapon. Well done.

[MGZetta]

Yellen already planning her next visit about how baseless the "national security" issue is.