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China casts cloud over Intel Q3

News Snapshot:

Intel told investors lower-than-expected revenue from Chinese cloud vendors contributed to a choppy Q3, a sign recent political moves in the country may have global repercussions. On its earnings call, CEO Pat Gelsinger explained Chinese cloud equipment manufacturers had adjusted to meet regulations on gaming in the country, after a clampdown on the hours children can play for. CFO George Davis noted the issues impacting Intel’s business in China will continue in the current quarter. He also announced retirement plans on the call. A soft cloud business impacted Intel’s Q1 , though at the time it was bullish on a…

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