Intel Ends Export Halt to Sell Chips to China's Biggest Server Firm
Li Na | Ning Jiayan
DATE:  Jul 03 2020
/ SOURCE:  Yicai
Intel Ends Export Halt to Sell Chips to China's Biggest Server Firm Intel Ends Export Halt to Sell Chips to China's Biggest Server Firm

(Yicai Global) July 3 -- Intel, the largest supplier to Inspur Electronic Information Industry, has resumed providing China's biggest server company with chips amid tightening US export control.

Inspur received a shipping notice from Intel, the Jinan-based company, which is the world's third-biggest server producer, told Yicai Global this morning.

"We have been resuming supply to this client (Inspur) and will advance delivery as soon as possible under the premise of legal compliance," an insider at the California-headquartered tech firm told Yicai Global.

The supplier said on June 29 that it intends to temporarily stop providing services to Inspur due to enhanced export control, according to a Chinese news report. That caused the server company's stock price to slump nearly 5 percent on July 1. On that day, Intel said that the pause should last about two weeks.

Inspur's server market share is nearly 38 percent in China, according to Gartner data from the first quarter. The company bought almost 38 percent of its chips from Intel, and the share has been rising every year in the past three years, according to its earnings reports.

Inspur's stock price [SHE: 000977] jumped 3.2 percent to CNY38.20 (USD5.40) this afternoon.

Editor: Chen Juan, Emmi Laine
 

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Keywords:   Intel,Inspur Electronic