China is responding to the recent tariffs imposed by the United States, and this could lead to trouble for Intel, a major American technology company. According to a report from the Financial Times, China is thinking about launching an investigation into Intel for potentially violating antitrust laws, which are rules designed to promote fair competition and prevent monopolies.
This potential investigation comes on top of the tariffs that China announced against the U.S. just a few days ago. In fact, this isn’t the first time China has looked into antitrust issues; they also reopened an investigation into Google back in December, just before President Trump took office. This investigation into Google is based on suspicions that the company may have broken China’s laws that are meant to prevent unfair competition.
Read Also: Aviation Pensioners To Protest Alleged Neglect
Even though Intel is an American company, China is extremely important for its business. In fact, last year, Intel made a significant portion of its money—about 29% of its total revenue, which amounts to a whopping $15.5 billion—from sales in China. Additionally, Intel has facilities in China where it tests and assembles its products. So, any regulatory issues or investigations from the Chinese government could have a big impact on Intel’s operations and profits.
