Intel says it expects second quarter revenue to fall in its original range but below the midpoint after the Commerce Department revoked some licenses to sell chips to Huawei.

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US export restrictions on chip sales to Huawei are expected to affect Intel's revenue for the next quarter. While Intel's revenue for the second quarter of 2024 will still be within the provided range, it will be below the midpoint. Geopolitical and trade tensions between the US and China are listed as risks to Intel's business.

Intel expects revenue blow after US blocks chip sales to Huawei