China Industry Group Reportedly Says Intel Has 'Constantly Harmed' National Security

Group 1 - The Cybersecurity Association of China (CSAC) has identified Intel products as posing a national security risk and has called for a review by the Cyberspace Administration of China (CAC) [1][2] - CSAC stated that a network security review is necessary to protect China's national security and the rights of Chinese consumers [2] - Intel shares experienced a decline of approximately 4% following the announcement, later recovering slightly to a 1% decrease, trading at $22.42, marking a loss of over 50% year-to-date [3] Group 2 - This action against Intel is not unprecedented, as China previously banned the sale of Micron Technology products in 2023 due to similar national security concerns [3]