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Investing.com -- Shares of Intel Corporation (NASDAQ:INTC) fell 1.15% following a report from the Financial Times indicating that Chinese regulators may initiate a formal antitrust investigation into the company. The news comes as China seeks new ways to exert pressure amid ongoing tensions with the United States.
The potential probe into Intel is part of a broader revival of antitrust investigations by China’s State Administration for Market Regulation (SAMR), which also includes inquiries into other major US tech firms such as Google (NASDAQ:GOOGL) and Nvidia (NASDAQ:NVDA). The investigations are seen as a response to the heightened geopolitical frictions between China and the US.
According to the Financial Times, the SAMR is considering the probe into Intel as leverage in its dealings with US President Donald Trump. Previously shelved investigations have been reactivated, notably the one concerning Google’s dominance with its Android operating system, which may have impacted Chinese smartphone manufacturers like Oppo and Xiaomi (OTC:XIACF).
The nature of the investigation into Intel remains uncertain, with details dependent on the evolving state of US-China relations. The timing of the probe’s potential initiation could be influenced by an upcoming conversation between President Xi Jinping and President Trump.
The rekindled scrutiny by Chinese regulators arrives as US tech companies find themselves increasingly entangled in the crossfire of the US-China power struggle.
Intel’s dip in share price reflects investor concerns over the impact of these regulatory challenges on the company’s operations in China, a significant market for semiconductor companies. The prospect of a formal investigation adds to the complexity of Intel’s global business environment, as it navigates both market competition and international political dynamics.
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