Intel is in hot water after the Cyber Security Association of China called out the company for its cybersecurity vulnerabilities and high failure rates and accused it of adding backdoors to its covert surveillance and digital espionage systems. According to the statement (via China Daily), “Intel has made substantial profits in China, but it continues to engage in actions that harm China’s interests and threaten national security.”
According to data from Statista, China is Intel’s largest source of revenue in 2023, making the company $14.85 billion. The U.S. is a close second, at $13.96 billion, but it will be a massive disaster for the company if it loses China, as it accounted for over a quarter of its over $54 billion revenue last year. This would be the nail in the coffin for the chipmaking giant unless the U.S. swoops in to save it, especially as it has recently announced losing $1.6 billion in its last quarterly earnings call.
