In a significant move, China has announced new guidelines to phase out US microprocessors from Intel Corp. (NASDAQ:INTC) and Advanced Micro Devices, Inc. (NASDAQ:AMD) in government PCs and servers, opting instead for domestic technology. What Happened: The new procurement rules are part of China’s broader strategy to replace foreign technology with homegrown solutions. The guidelines also aim to replace Microsoft’s Windows operating system and foreign-made database software with domestic alternatives, reported the Financial Times. The new rules, introduced by the Finance Ministry and the Minis…
