Intel (INTC, Financial) shares saw a pre-market increase of over 1%, trading at $22.54. The rise comes after Intel released a statement addressing recent comments from the China Cyberspace Security Association.
In the announcement, Intel emphasized its dedication to complying with all applicable laws and regulations in the regions where it operates, highlighting its nearly 40 years of business in China. The company reassured that it prioritizes product security and quality, actively collaborating with customers and industry partners to ensure these standards are met.
Intel also mentioned its commitment to engaging with relevant authorities to clarify concerns and reinforce its promise of maintaining high product safety and quality standards.
