CORRECTED-BUZZ-Intel falls after report of curbs on exports to Chinese clients

Reuters
17 Apr
CORRECTED-BUZZ-Intel falls after report of curbs on exports to Chinese clients

Corrects fourth bullet to say Nvidia announced the charges on Tuesday, not Wednesday

** Intel shares INTC.O down 1.8% at $18.88 in premarket trading after FT reports the American chipmaker will need license to export some advanced AI processors to Chinese clients

** Other chip stocks rise following TSMC's 2330.TW upbeat quarterly earnings after being battered on Wednesday with U.S. announcing chip export controls

** U.S.-listed shares of Taiwan Semiconductors TSM.N up 4.8%, Nvidia NVDA.O up 1.3%, Advanced Micro Devices AMD.O up 1.6%, Qualcomm QCOM.O up 1.8%, Broadcom AVGO.O up 2%

** Nvidia NVDA.O announced on Tuesday that it will face $5.5 bln in charges due to U.S. chip export curbs, closing almost 7% lower

** INTC closed more than 3% lower at $19.23 on Wednesday

** As of last close, INTC down 4% YTD

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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