China Asks Telecom Carriers to Drop Foreign Chips, WSJ Says (2)

Beijing has ordered telecom carriers like China Mobile Ltd. to replace foreign chips in their core networks by 2027, the Wall Street Journal reported, citing people familiar with the matter.

The Ministry of Industry and Information Technology issued the directive earlier this year, the Journal reported, dealing a potential blow to US chipmakers Intel Corp. and Advanced Micro Devices Inc. Their shares were down 3% and almost 4%, respectively, in New York on Friday morning.

The industry overseer ordered its three biggest state-owned mobile operators, which include China Unicom and China Telecom Corp., to inspect their networks and come ...