Intel Corp expects second-quarter sales to be below the midpoint of its previous forecast. The US government’s new ban on semiconductor exports to Chinese telecommunications equipment giant Huawei Technologies Co, Ltd is expected to have an impact.
Intel said in a statement on the 8th that sales for the April-June period will remain within the previously expected range of $12.5 billion to $13.5 billion (about 1.94 trillion to 2.1 trillion yen). the value will be lower.” The company continues to expect an increase in sales and profit for the whole year.
The US government further tightened export controls on Huawei on the 7th, revoking licenses for Intel and Qualcomm to export semiconductors to Huawei, according to people familiar with the matter. The license revocation will affect Huawei’s sales of semiconductors used in smartphones and laptops in the United States, said the people, who asked not to be named.
US government revokes semiconductor export license for Huawei – Intel and others affected
The decision may not affect a large number of semiconductors, but it highlights Washington’s determination to limit China’s access to a wide range of semiconductor technologies. The US government is also considering imposing sanctions on six Chinese companies suspected of supplying semiconductors to Huawei. Huawei has been subject to US trade restrictions since 2019.
Following this announcement, Intel’s stock price briefly fell 2.1% in after-hours trading early on the 8th in the US. Qualcomm stock temporarily fell 0.3%.
news-rsf-original-reference paywall">Original title: Intel Sees Revenue Fall Below Midpoint After US Huawei Ban (excerpt)
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