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

Key Takeaways - Intel 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 …