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In recent news, China has launched a cybersecurity probe into Micron Technology, one of America’s largest memory chip makers. This seems to be in retaliation after US allies in Asia and Europe announced new restrictions on the sale of key technology to Beijing. The Cyberspace Administration of China (CAC) will be reviewing Micron’s products sold in the country, with the intention of ensuring the security of key information infrastructure supply chains and preventing cybersecurity risks.
This move comes on the same day that Japan, a US ally, announced restrictions on the export of advanced chip manufacturing equipment to countries including China, following in the footsteps of the United States and the Netherlands. These actions by Washington and its allies are aimed at restricting China’s semiconductor industry, which is crucial to Beijing’s ambitions of becoming a tech superpower.
Micron, which derives more than 10% of its revenue from China, has stated that it is aware of the review and is fully cooperating with the CAC. The company stands by the security of its products and reassures customers that its operations are functioning normally.
In an earlier filing, Micron had warned of the risks associated with Chinese government restrictions. Beijing has strongly criticized tech export restrictions and has been actively seeking foreign investments to boost its economy and create jobs. However, the Chinese government has also been pressuring foreign companies to align with its agenda.
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