A visitor talks on his mobile phone as he walks past the Inspur stand during an exhibition in Beijing. Photo: IC

Intel Corp, halting shipments to Chinese server maker Inspur, will resume supplies at a later date, the largest US chipmaker confirmed with the Global Times on Wednesday. 

Media reports of Intel's supply suspension hammered shares of Shenzhen-listed Inspur Information shortly after the afternoon trading session began. 

Inspur, based in East China's Shandong Province, is the world's third-largest server manufacturer and China's largest. It was lately revealed to have been placed on a US list of Chinese military-linked firms that also includes Huawei. Its shares closed down 4.75 percent on Wednesday, underperforming the market at large.

The flagship Shanghai Composite Index gained 1.38 percent to finish above 3,000 points on Wednesday for the first time since March 11, when the financial market was roiled by the evolution of the coronavirus outbreak into a pandemic. The Shenzhen Component Index was up 1.01 percent.

"Intel has temporarily paused shipments to this one customer in order to make a few changes to our supply chain as required by US law," read a company statement sent to the Global Times. 

This temporary pause is expected to last less than two weeks during which time Intel will resume shipments, the company said. 

Inspur had not replied to a request for comment by press time. 

Global Times