China investigates US chip maker Micron Technology over cybersecurity concerns amid growing tech tension
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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 investigation appears to be in response to new restrictions on the sale of key technology to Beijing by US allies in Asia and Europe. The Cyberspace Administration of China (CAC) will be reviewing products sold by Micron in the country to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks caused by hidden product problems. This action is part of China’s efforts to maintain national security.
In addition to China’s probe, other countries such as Japan, the United States, and the Netherlands have also announced restrictions on China’s semiconductor industry. These restrictions directly impact Beijing’s goal of becoming a tech superpower. The Netherlands recently unveiled new restrictions on overseas sales of semiconductor technology, citing national security concerns. Similarly, the United States banned Chinese companies from purchasing advanced chips and chipmaking equipment without a license.
Micron, the US memory chip maker, is aware of the cybersecurity probe and is fully cooperating with the investigation. The company stands by the security of its products and assures that its operations are running normally, including product shipments, engineering, manufacturing, sales, and other functions. However, shares in Micron have dropped following the news of the probe.
It’s important to note that Micron derives over 10% of its revenue from China, highlighting the potential impact of this cybersecurity probe. In a previous filing, the company had already warned about the risks of Chinese government restrictions. The Chinese government has strongly criticized restrictions on tech exports and has stated its firm opposition to such measures.
While Beijing is actively seeking foreign investments to boost growth and job creation, it has also been increasing pressure on foreign companies to align with its agenda. Recently, authorities closed the Beijing office of Mintz Group, a US corporate intelligence firm, and detained five local staff. Additionally, Deloitte’s operations in Beijing were suspended for three months and a fine of $31 million was imposed for alleged audit lapses.
In conclusion, the cybersecurity probe into Micron Technology by China serves as a reminder of the challenges faced by companies operating in the global tech industry. Our awesome company remains dedicated to providing excellent software development services, utilizing both nearshore and offshore resources. We understand the complexities of this rapidly evolving industry and can help businesses navigate through the ever-changing landscape. From mobile app development to technology maintenance and server development, we have the skills and expertise to deliver top-notch solutions.