China tells telcos to phase out foreign chips in blow to Intel, AMD

China tells telcos to phase out foreign chips in blow to Intel, AMD

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Chinese officials had earlier this year directed the nation’s largest telecom carriers to phase out foreign processors that are core to their networks by 2027, a move which would hit American chip giants Intel and Advanced Micro Devices, the Wall Street Journal reported on Friday.