By Alexandra Alper, Humera Pamuk WASHINGTON (Reuters) – The Trump administration on Thursday fired China’s top chipmaker, SMIC. And oil giant CNOC. Added to the alleged blacklist of Chinese military companies, with President-elect Joe Biden likely to escalate tensions with Beijing before taking office. The Department of Defense appointed a …
Read More »Intel’s margins plummet as customers shift to cheaper chips, shares slide 10%
(Reuters) – Intel Corp. INTC.O Margins tumbled in the most recent quarter as consumers bought cheap laptops and epidemics-ridden businesses and governments blocked data center spending, news sent its shares down 10%, the report said on Thursday. File photo: Bob Swann, CEO of Intel Corporation, gave an interview to Reuters …
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