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Intel Corporation

Intel Corporation

Industry: 
Electronics, Technology
Value of USG Contracts: 
18
Symbol: 
NASDAQ:INTC
States: 
CA
Country: 
USA
Contact Information: 

Investor Relations Manager: (408) 765-1480

Sources: 

In 2009, Intel was issued a "show cause notice" by the United States Securities and Exchange Commission (SEC) for trading with countries such as Iran, Syria, Cuba and Sudan.  The SEC's letter was marked confidential, and asked the company to provide "any and all business transaction records for the business conducted with the banned countries." 

The letter states: “We are aware of a May 2008   news report that PCs in Cuba contain your Celeron Processors.   Cuba, Iran, Sudan, and Syria are identified by the State Department as state sponsors of terrorism, and are subject to U.S. economic sanctions and export controls. We note that your Form 10-K does not include disclosure regarding contacts with Cuba, Iran, Sudan, and Syria. Please describe to us the nature and extent of any past, current, and anticipated contacts with the referenced countries, whether through distributors, resellers, licensees, or other direct or indirect arrangements.”

Response: 

 

“Intel has no business contacts with the Subject Countries, either directly or indirectly through tacit agreement with its customers. Intel prohibits all transactions with countries identified under certain trade related sanctions.”