China Issues Plan to Phase Out U.S. Chips From Government Computers

China introducing guidelines to phase out U.S. chips from Intel, AMD, and servers with U.S. chips in government computers
Aims to reduce reliance on foreign tech firms by growing domestic semiconductor industry
Could dent earnings as China was Intel’s largest market (27% of revenue) and AMD got 15% of sales from China
Total ban could impact Intel's revenue by low-single digits ($1.5 billion) and AMD by a few hundred million
China issued lists of "safe and reliable" central processing units, operating systems, and databases, all from Chinese firms