China Investigates US Chip Maker Micron Technology over Cybersecurity Concerns amid Growing Tech Tensions
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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 move seems to be a 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 conducting a review of the products sold by Micron in the country. The aim of this review is to ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security.
This investigation comes as Japan, a US ally, has also announced restrictions on the export of advanced chip manufacturing equipment to countries including China. The United States and the Netherlands have also implemented similar measures, all of which are aimed at curbing China’s semiconductor industry.
Micron, however, remains confident in the security of its products and stated that it is fully cooperating with the CAC. The company’s operations are running as normal, with no disruptions.
These developments have had an impact on Micron’s stock, with shares sinking on Wall Street. Micron derives more than 10% of its revenue from China, making it vulnerable to any restrictions imposed by the Chinese government.
China has been critical of the restrictions on tech exports and has expressed its opposition to such measures. As Beijing seeks to attract foreign investments, it is also exerting pressure on foreign companies to align with its agenda. This can be seen in recent actions against firms like Mintz Group and Deloitte.
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