Amid China’s retaliation to recently-announced U.S. tariffs, Intel could discover itself within the sizzling seat with China’s regulators.
China is seemingly contemplating an antitrust probe into semiconductor large Intel, based on reporting from the Financial Times. This is able to be along with the set of tariffs against the U.S. that China introduced on Monday. Per the FT, the nation additionally reopened a long-dormant antitrust probe into Google in December, forward of President Trump’s inauguration. Shortly after U.S. tariffs got here into impact, China mentioned that Google is suspected of violating China’s anti-monopoly regulation.
Whereas Intel is predicated within the U.S., China is Intel’s largest market, and the corporate has testing and meeting services there. The corporate made 29% of its world income in China final 12 months, which equates to $15.5 billion.
TechCrunch reached out to Intel for remark and can replace if we hear again.
antitrust,China,Enterprise,Google,Intel,Tariffs
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