Intel (INTC) Faces Lawmaker Scrutiny Over Testing of China-Linked Chip Tools

Intel Corporation (NASDAQ:INTC)  is one of the stocks that should double in 3 years. On March 5, a bipartisan group of US lawmakers, led by Senator Elizabeth Warren and Senator Tom Cotton, raised significant national security concerns regarding Intel’s testing of chipmaking equipment from ACM Research. The lawmakers argue that ACM Research, while California-based, maintains deep operational roots in China and serves sanctioned Chinese entities like YMTC and SMIC. The primary fear is that by operating wit ...