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Recently, China launched a cybersecurity probe into Micron Technology, one of America’s largest memory chip makers. This appears to be in retaliation to new restrictions on the sale of key technology to Beijing, announced by US allies in Asia and Europe. In response, the Cyberspace Administration of China (CAC) will be reviewing products sold by Micron in the country.
The aim of this move is to ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security. Japan, a US ally, also announced on the same day that it will restrict the export of advanced chip manufacturing equipment to countries including China. The United States and the Netherlands have made similar moves.
These restrictions on China’s semiconductor industry directly challenge Beijing’s bid to become a tech superpower. Last month, the Netherlands introduced new restrictions on overseas sales of semiconductor technology in order to protect national security. In October, the United States banned Chinese companies from purchasing advanced chips and chipmaking equipment without a license.
Micron Technology, who derives more than 10% of its revenue from China, is aware of the review and is fully cooperating. The company assures that its products are secure and that its operations are running smoothly. However, shares in Micron did decline following the news.
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