Intel, Qualcomm say exports to China blocked as Beijing objects

Intel said on Wednesday its sales would take a hit after the U.S. revoked some of the chipmaker’s export licenses for a customer in China, in a move Beijing complained was going too far in the name of national security.

Intel did not disclose the name of the Chinese customer that had licenses canceled in its filing with the Securities and Exchange Commission, but Reuters had reported on Tuesday the U.S. has revoked licenses that allowed companies, including Intel and Qualcomm, to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies.