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In light of recent events, China has initiated a cybersecurity probe into Micron Technology, a major American memory chip maker. This move seems to be in response to new restrictions imposed by US allies on technology sales to Beijing.
The Cyberspace Administration of China (CAC) has announced a review of Micron’s products sold in the country to safeguard key information infrastructure supply chains and national security. This action coincides with Japan’s decision to limit the export of advanced chip manufacturing equipment to China, mirroring steps taken by the US and the Netherlands.
Washington and its allies have imposed constraints on China’s semiconductor industry, a crucial aspect of Beijing’s aim to achieve tech supremacy. Micron has confirmed its cooperation with the CAC’s review and maintains confidence in the security of its products.
Despite Micron’s assurance, its shares took a hit on Wall Street in response to the news. The company, based in Idaho, acknowledges the risks associated with operating in China, where it generates over 10% of its revenue.
China has voiced strong opposition to tech export restrictions, emphasizing its commitment to attracting foreign investments amidst economic challenges. While extending a warm welcome to global CEOs, Chinese authorities have also tightened regulations on foreign companies, as seen with recent actions against US firms like Mintz Group and Deloitte.
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