Intel Revises Revenue Guidance After US Slaps New Restrictions on Chip Sales to China

Key TakeawaysIntel said that it has revised its current-quarter revenue guidance after some of its export licenses aimed at sending its chips to a Chinese company were revoked by the U.S. Department of Commerce.Intel didn't name the Chinese firm, but the Financial Times reported that the U.S. company, and also Qualcomm, were told to immediately stop sales to Chinese telecom giant Huawei.The revoked licenses mark the latest tit-for-tat with China and come after Huawei developed an advanced smartphone.Intel s ...