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Intel Stock Falls, AMD Fluctuates, After SEC Filing Confirms Sanctions Revenue Hit

NewsTech

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Chip makers Intel and AMD fluctuated on Wednesday after Intel confirmed a small revenue hit to the SEC in a filing after the U.S. government levied fresh sanctions against the Chinese technology firm Huawei. Intel was down by almost 3% and kept a flat line during most of the trading day, while AMD initially jumped by more than a percent only to rapidly lose these gains. Intel's filing came at a time when the firm is investing heavily in leading-edge semiconductor manufacturing technology to allow it to capture the global contract chip manufacturing market in an industry dominated by Taiwan's […]

Read full article at https://wccftech.com/intel-stock-falls-amd-fluctuates-after-sec-filing-confirms-sanctions-revenue-hit/

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