Stock Groups

Intel China apologises over Xinjiang supplier statement -Breaking

[ad_1]

© Reuters. FILE PHOTO – An Intel Corporation logo can be seen on a sticker attached to a laptop being sold in Queens (New York), U.S.A, 16 November 2021. REUTERS/Andrew Kelly

HONG KONG (Reuters – U.S. Chipmaker Intel (NASDAQ:), apologized on Thursday to Chinese partners, customers, and the general public that it had told its suppliers not to source goods or labour from the Xinjiang region. It was doing so following a Chinese backlash.

According to the company, it published a December letter that was described as an “annual letter” to its suppliers. It stated that after restrictions imposed “multiple governments”, it had been required to “ensure that its supply chains do not utilize any labour, source goods, or services from Xinjiang”.

The letter was posted on the company website in many languages and sparked backlash from China via state and social media. There were calls to boycott the products.

Intel made a Chinese-language statement Thursday via its WeChat profile, stating that its pledge to avoid supply chains coming from Xinjiang was not a declaration of position but an expression of compliance.

“We apologize to all our Chinese friends, partners, and customers for this inconvenience. Intel stated that it is determined to become a reliable technology partner in China and accelerate joint development.

U.N. officials and rights groups have estimated that over a million Uyghurs and other Muslim minorities were held in a system of large camps spread across China’s west region of Xinjiang. China has denied any abuses committed in Xinjiang, and claims its policies help fight extremism.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]