Intel's latest statement: Revoking licenses will affect actual revenue in the second quarter. Intel stated in a document submitted to the US Securities and Exchange Commission (SEC) on May 8th that the US Department of Commerce "revoked certain licenses for exporting consumer related products to Chinese customers, effective immediately. Therefore, the company expects its revenue in the second quarter of 2024 to remain within the original guidance range of $12.5 billion to $13.5 billion, but actual revenue will be lower than the expected median." Although Intel did not specify who the "Chinese customer" was in the aforementioned document, the Biden administration recently tightened export restrictions on Chinese communication company Huawei and lifted US chip companies Qualcomm and Intel's sales to China. License for semiconductors. Reporters called both companies separately, but Qualcomm did not immediately respond to requests for comment, while Intel declined to comment.