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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Intel, AMD stocks sink after Chinese gov. turns inward for chips

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Mar 2024 17:39
  • 1 Shares
2 Min Read

The Chinese government is set to start replacing US-made semiconductors and servers with ones produced by Chinese firms.

  • x
  • Intel, AMD stocks slide after Chinese gov. turns inward for chips
    An illustration of the US and Chinese flags printed on two semiconductors installed on different motherboards in September 2022 (Social media)

Shares of chip giants Intel and Advanced Micro Devices AMD dropped in pre-market trading on Monday after China introduced new guidelines to start using domestic semiconductors and servers in government computers as an alternative to ones produced by US companies, the Financial Times reported.

The new policy was revealed by the Finance Ministry and the Ministry of Industry and Information Technology end of last December.

Read more: Apple's iPhone 15 shows US does not understand own tech war on China

US-made softwares will also be phased out and replaced, the newspaper added. But for now, there will remain some felxibilty margin for government establishments to purchase foreign processors and servers, it said, citing anonymous Chinese officials.

Intel experienced a 4.1% decline, while AMD slipped 3.2%, as investors were concerned about the impact the new regulation will have on the comapanies' sales.

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In October 2022, the US Department of Commerce introduced sanctions on China, putting hurdles in Beijing's way to buy or develop advanced semiconductors. This also included forcing other countries to restrict tech trade with China, particulary semiconductors.

Earlier this month, the US Commerce Department prohibited AMD from supplying China with an AI chip specifically produced to fit the needs of the Chinese market.

Additionally, a Bloomberg report published last week indicated that the United States is contemplating the blacklisting of several Chinese chips companies associated with Huawei Technologies, further intensifying unilateral measures to block China from surpassing the US in terms of scientific and tech advancments.

Tech firms had already warned that Washington's tech war against China could end up backfiring and fuel the Chinese drive to independently develop their own IT hardware and solutions, while US companies would have been deprived of large profits from the largest chip market in the world.

In May, The Wall Street Journal reported that American sanctions on Chinese IT businesses have caused them to expand research to build artificial intelligence (AI) without relying on cutting-edge US semiconductors.

According to the report, Chinese firms searched for strategies that might enable them to employ fewer or less powerful chips to achieve high-level AI performance.

  • United States
  • semiconductors
  • China
  • AMD
  • Intel

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