Intel (INTCseagames2022malaysiafootball.US) fell more than 2% to 29seagames2022malaysiafootball$919seagames2022malaysiafootball, hit a new low since June 2023; Qualcomm (QCOM.US) once fell nearly 2%, but its decline has narrowed to 0.3%.
Bloomberg, the Financial Times, Reuters and other media quoted sources as saying that the Biden administration further tightened the same day.seagames2022malaysiafootballExport restrictions on Huawei were imposed and licenses for US chip companies Qualcomm and Intel to sell semiconductors to Huawei were revoked.
In addition, Intel expects second-quarter revenue to be below the midpoint of the expected range; second-quarter 2024 revenue is expected to remain within the original range of $12.5 billion to $13.5 billion.