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Intel stock percentage change by end of 2024 due to cybersecurity review?
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Story
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.
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