Intel said the U.S. Department of Commerce notified it on May 7, 2024 that it was revoking certain licenses for exports of consumer-related items to a customer in China, effective immediately.

1. 01

   Intel said the U.S. Department of Commerce notified it on May 7, 2024 that it was revoking certain licenses for exports of consumer-related items to a customer in China, effective immediately.

2. 02

   The company said it expects revenue for Q2 2024 to remain within the original range of $12.5 billion to $13.5 billion, but below the midpoint.

3. 03

   Intel said it continues to expect full-year 2024 revenue and earnings per share to grow year over year compared with 2023.

4. 04

   The company said its outlook involves risks and uncertainties, including U.S.-China geopolitical and trade tensions, that could cause actual results to differ materially. It also said it does not undertake to update the outlook.

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Original filing

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