GOP Lawmakers Slam Biden After Trump-Era Exemption Results In Huawei Unveiling Laptop With New Intel AI Chip
Portfolio Pulse from Ananya Gairola
Republican lawmakers criticized the Biden administration after Huawei unveiled a laptop with an Intel AI chip, despite Huawei being on a trade restriction list. The chip was supplied under a license from the Trump era, raising concerns about U.S. national security and technology export to China. The Biden administration has faced calls to take a tougher stance on Huawei and other Chinese tech firms.
April 13, 2024 | 1:55 am
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Intel Corp. supplied an AI chip for Huawei's new laptop, sparking criticism from GOP lawmakers over national security concerns and U.S.-China tech export policies.
Intel's involvement with Huawei, despite the latter being on a trade restriction list, has led to political backlash but the direct short-term impact on Intel's stock is uncertain. The controversy could affect investor sentiment but Intel's global market presence and diversified portfolio might mitigate significant negative impacts.
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