China has begun implementing guidelines that will keep Intel (INTC) and Advanced Micro Devices (AMD) microprocessors out of government PCs and servers, the Financial Times reported Sunday, part of a growing technological decoupling with the U.S.
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The new guidance also aims to limit use of the Microsoft (MSFT) Windows operating systems as well as foreign database software. That comes as many Chinese government entities and state-owned enterprises have barred the use of Apple (AAPL) iPhones at work.
It’s part of an effort to buoy domestic technology in the face of U.S.-led restrictions on exports to China. The U.S. has barred Nvidia (NVDA) and AMD from selling artificial intelligence chips to China, as well as advanced chip-making equipment. The U.S. also has barred Huawei telecom gear and other technology, pushing other countries to do the same.
The move to curb Intel and AMD chips and Microsoft Windows software stems from the new guidelines released late last year requiring most government entities to purchase “safe and reliable” processors and operating systems.
Intel, AMD Stock
Intel stock edged down 0.2% to 42.57 last week, continuing to trend lower in 2024.
AMD stock tumbled 6% to 179.65 last week, continuing a sharp downtrend since March 8. Shares fell amid strong positive reaction to Nvidia’s next AI chip. NVDA stock jumped 7.35% last week to 942.89, setting a record close on Friday.
Microsoft stock rose 3% to 428.74 last week, hitting a record high amid general AI optimism and its own AI event.
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Jessica Roberts is a seasoned business writer who deciphers the intricacies of the corporate world. With a focus on finance and entrepreneurship, she provides readers with valuable insights into market trends, startup innovations, and economic developments.
