Official announcements from Chinese government or regulatory agencies

China Calls for Cybersecurity Review of Intel Products, Shares Drop 4.5% After Initial 2%

Oct 16, 2024, 09:52 AM

The China Cyberspace Security Association has recommended a cybersecurity review of Intel products sold in China. The association cited frequent vulnerabilities, reliability issues, and hidden backdoors as reasons for the review. As a result, Intel's stock dropped by 4.5% in premarket trading, with an initial 2% drop reported by WeiXin. The association emphasized the need for a systematic examination of the cybersecurity risks posed by Intel's products to safeguard China's national security.