BUZZ-Intel falls after report says China mulls formal probe into chipmaker

Chipmaker Intel's INTC.O shares fall 0.9% to $19.21 premarket

Chinese regulators are now looking at launching a formal probe into Intel, the Financial Times reported, citing two people familiar with the situation

The nature of the probe into the U.S. chipmaker remained unclear - report

China is INTC's largest market with $15.53 bln net revenue in 2024, while the U.S. is its second largest market with $12.99 bln net revenue, according to Intel's annual report

Up to last close, shares of INTC have fallen ~55% in the past 12 months