Chinese Authorities Investigate US Chip Maker Micron Technology Over Cybersecurity Concerns Amid Rising Tech Tensions
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Recently, there has been a cybersecurity probe launched by China into Micron Technology, one of America’s largest memory chip makers. This move seems to be in apparent 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 review products sold by Micron in the country to protect the security of key information infrastructure supply chains and prevent cybersecurity risks caused by hidden product problems.
This comes at a time when Japan, a US ally, has also decided to restrict the export of advanced chip manufacturing equipment, including to China. Similar moves have been made by the United States and the Netherlands, as they aim to curb China’s semiconductor industry and hinder its bid to become a tech superpower.
Micron, in response to the probe, has stated that it is aware of the review and is cooperating fully with the CAC. The company stands by the security of its products and ensures that its operations are running as normal. However, shares in Micron have seen a significant drop on Wall Street following this news.
It is important to note that the Chinese government firmly opposes restrictions on tech exports and is actively seeking to attract foreign investments to stimulate economic growth and job creation. While they provide a good environment and services for global CEOs, they have also been pressuring foreign companies to align with their agenda.
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