On May 9th, according to First Financial, 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 to remain within the original guidance range of $12.5 billion to $13.5 billion in the second quarter of 2024, 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 telecommunications company Huawei and revoked licenses for American chip companies Qualcomm and Intel to sell semiconductors to China. Certificate. First Financial reporters called both companies separately, but Qualcomm did not immediately respond to requests for comment, while Intel declined to comment.