Qualcomm faces near-term risk from Chinese push toward domestic chips: analysts
Portfolio Pulse from
Chinese industry groups have advised local companies to avoid US chips, posing a risk to US chipmakers like Qualcomm, Intel, and AMD. Analysts at Wedbush highlight potential negative impacts on these companies.
December 04, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMD could be negatively impacted by Chinese industry groups' advice to avoid US chips, potentially affecting its market in China.
AMD is mentioned as a company that could be affected by the Chinese push towards domestic chips. The advisory could lead to reduced sales in China, impacting AMD's revenue.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Intel may experience negative effects due to Chinese industry groups advising against US chips, impacting its sales in China.
Intel is mentioned as a company that could be impacted by the Chinese advisory against US chips. This could lead to a decrease in demand for Intel's products in China.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Qualcomm faces potential negative impact as Chinese industry groups advise local companies to avoid US chips, citing safety concerns.
Qualcomm is directly mentioned as a company that could be affected by the Chinese push towards domestic chips. The warning from Chinese industry groups could lead to reduced sales in China, impacting Qualcomm's revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80