Sullivan misses out on new Huawei during China visit

After a three-day official visit, U.S. National Security Advisor Jake Sullivan left China with news that California-based CPU maker Intel may face massive restructuring after mammoth loses directly related to Washington’s China chip sanctions, which have seen Intel face its worst period in its entire 56-year history. The company posted operational loses of US$2.8 billion last quarter, saw its stocks drop 60% this year alone, and plans to cut up to 15,000 jobs. Despite it being clearly evident that Sullivan’s China chip sanctions are seriously damaging the U.S. tech industry, he is adamant they will continue. Today I’ll chat with special guest, Professor Warwick Powell, to find out why Washington is so keen to cut off its nose in spite of its face. This is Reports on China, I’m Andy Boreham in Shanghai. Let’s get reporting. #politics #huawei #sanctions