Update: Market Chatter: Chinese Industry Groups Say US Chips Are 'No Longer Safe,' Call on Chinese Firms to Buy Local-February 2024-www.financetom.com

Update: Market Chatter: Chinese Industry Groups Say US Chips Are 'No Longer Safe,' Call on Chinese Firms to Buy Local

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Update: Market Chatter: Chinese Industry Groups Say US Chips Are 'No Longer Safe,' Call on Chinese Firms to Buy Local

Dec 4, 2024 5:32 AM

08:02 AM EST, 12/04/2024 (MT Newswires) -- (Update with Intel's ( INTC ) response to a request for comment.)

Four of China's top industry associations on Tuesday said Chinese companies should be wary of buying US chips as they are "no longer safe," and should buy local instead, Reuters reported Tuesday.

Intel ( INTC ) , Nvidia ( NVDA ) , and Advanced Micro Devices ( AMD ) could all be impacted by escalating trade tensions between the two countries, Reuters reported.

Intel ( INTC ) declined to comment, while Nvidia ( NVDA ) and AMD did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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