BENGALURU Chinese officials had earlier this year directed the nation's largest telecom carriers to phase out foreign processors that are core to their networks by 2027, a move which would hit American chip giants Intel and Advanced Micro Devices (AMD), the Wall Street Journal (WSJ) reported on Friday.

Shares of Intel and AMD were down more than 1% in premarket trading.

Beijing has increased efforts to replace Western-made technology with domestic alternatives amid Sino-US tensions as US President Joe Biden's administration tightens curbs on high-tech exports to its rival.

  - Reuters