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Recently, China initiated a cybersecurity probe into Micron Technology, a leading American memory chip maker, as a response to new restrictions imposed by US allies on technology sales to Beijing. The Cyberspace Administration of China (CAC) announced a review of Micron products sold in the country to safeguard key information infrastructure and prevent cybersecurity risks.
This move occurred after Japan and other US allies announced export restrictions on advanced chip manufacturing equipment to countries like China, impacting Beijing’s semiconductor industry ambitions. In response, Micron assured cooperation with the CAC and maintained the security of their products.
Following this news, Micron’s shares witnessed a decline on Wall Street, underlining the significance of the issue. The US-based company had previously acknowledged potential risks associated with Chinese government restrictions.
While China expressed strong opposition to tech export restrictions, it is simultaneously focusing on attracting foreign investments. Despite efforts to create a favorable business environment, Beijing has also taken measures to ensure foreign companies comply with its regulations. Examples include shutting down the Beijing office of a US corporate intelligence firm and suspending operations of a global accounting firm for alleged misconduct.