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Intel, Unexpected

AInvestWednesday, Oct 16, 2024 6:20 am ET
1min read

China suddenly intervenes, Intel's stock price drops sharply!

On the afternoon of the 16th, the China Internet Space Security Association issued a document saying that Intel's security vulnerabilities are frequent and the failure rate is high, and it should systematically investigate the cybersecurity risks of Intel's products!

The article said that Intel's global annual revenue of more than US$50 billion, nearly one-fourth of which comes from the Chinese market. In 2021, Intel's CPU accounted for about 77% of the domestic desktop market and about 81% of the notebook market; in 2022, Intel's x86 server market share in China was about 91%. Intel can be said to have made a fortune in China, but the company has done things that harm China's interests and threaten China's national security.

The article shows that it is suggested to start a cybersecurity review of Intel's products sold in China, and to effectively safeguard China's national security and the legitimate rights and interests of Chinese consumers.

The full text of the article is as follows:

It is known that the China Internet Space Security Association (CyberSecurity Association of China) was established in Beijing on March 25, 2016. It is a national, industry and non-profit organization composed of institutions, enterprises and individuals in China engaged in network space security-related industries, education, research and application. It is supervised by the Business Supervision Department of the National Internet Information Office and the Social Affairs Administration of the Ministry of Civil Affairs.

After the news came out, Intel's stock price fell sharply before the market, now down about 3%.

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