US Chip Maker Micron Under Fire from China as Tech Tension Escalates
A growing tech rivalry between the US and China has taken a new turn with Chinese authorities launching a cybersecurity probe into Micron Technology, one of America's largest memory chip makers. The probe comes in response to recent restrictions on technology exports to China by several countries, including Japan, the US, and the Netherlands.
The Cyberspace Administration of China (CAC) announced late Friday that it will review products sold by Micron in the country as part of a broader effort to "ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security."
This move is seen as a response to the recent restrictions on Chinese tech companies' access to advanced chip-making equipment and technology. The US and its allies have imposed curbs on China's semiconductor industry, which is at the heart of Beijing's bid to become a tech superpower.
Micron told CNN that it was aware of the review and is cooperating fully with the CAC. "We are in communication with the CAC and are cooperating fully," it said. "Micron's product shipments, engineering, manufacturing, sales and other functions are operating as normal."
The move has sent shockwaves through the tech industry, with shares of Micron plummeting 4.4% on Wall Street following the news. The company derives more than 10% of its revenue from China, making it a key player in the country's tech ambitions.
China's criticism of restrictions on tech exports has been vocal, with Beijing labeling them as "unfair" and "unreasonable." However, the Chinese government is seeking to woo foreign investments and boost growth, and has rolled out efforts to attract global CEOs and promise a favorable business environment.
The probe into Micron comes as tensions between the US and China continue to escalate. The two nations have been locked in a trade war for years, with each side imposing tariffs and restrictions on the other's tech exports. The situation has taken a new turn with countries like Japan, the US, and the Netherlands announcing curbs on Chinese tech companies.
The probe into Micron highlights the growing risks for foreign companies operating in China. Beijing has been exerting pressure on foreign companies to bring them into line with its agenda, including detaining staff from US corporate intelligence firms and suspending operations of international accounting firms. The move is a reminder that doing business in China comes with significant risks, including censorship, data theft, and regulatory challenges.
As the tech rivalry between the US and China continues to intensify, Micron's probe is just one of several flashpoints. The situation remains fluid, with each side seeking to gain an advantage over the other.
A growing tech rivalry between the US and China has taken a new turn with Chinese authorities launching a cybersecurity probe into Micron Technology, one of America's largest memory chip makers. The probe comes in response to recent restrictions on technology exports to China by several countries, including Japan, the US, and the Netherlands.
The Cyberspace Administration of China (CAC) announced late Friday that it will review products sold by Micron in the country as part of a broader effort to "ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security."
This move is seen as a response to the recent restrictions on Chinese tech companies' access to advanced chip-making equipment and technology. The US and its allies have imposed curbs on China's semiconductor industry, which is at the heart of Beijing's bid to become a tech superpower.
Micron told CNN that it was aware of the review and is cooperating fully with the CAC. "We are in communication with the CAC and are cooperating fully," it said. "Micron's product shipments, engineering, manufacturing, sales and other functions are operating as normal."
The move has sent shockwaves through the tech industry, with shares of Micron plummeting 4.4% on Wall Street following the news. The company derives more than 10% of its revenue from China, making it a key player in the country's tech ambitions.
China's criticism of restrictions on tech exports has been vocal, with Beijing labeling them as "unfair" and "unreasonable." However, the Chinese government is seeking to woo foreign investments and boost growth, and has rolled out efforts to attract global CEOs and promise a favorable business environment.
The probe into Micron comes as tensions between the US and China continue to escalate. The two nations have been locked in a trade war for years, with each side imposing tariffs and restrictions on the other's tech exports. The situation has taken a new turn with countries like Japan, the US, and the Netherlands announcing curbs on Chinese tech companies.
The probe into Micron highlights the growing risks for foreign companies operating in China. Beijing has been exerting pressure on foreign companies to bring them into line with its agenda, including detaining staff from US corporate intelligence firms and suspending operations of international accounting firms. The move is a reminder that doing business in China comes with significant risks, including censorship, data theft, and regulatory challenges.
As the tech rivalry between the US and China continues to intensify, Micron's probe is just one of several flashpoints. The situation remains fluid, with each side seeking to gain an advantage over the other.
China's probing into Micron is like, super worrying for any company that does business with them 
They're basically saying if you wanna sell your tech stuff in their country, you gotta play by their rules... and who knows what those rules are 
I mean, we all know about the whole US-China trade war thing, but this just shows how deep into each other's pockets they're getting 
It's like, Micron's already feeling the heat with their shares dropping 4.4% 
And now China's coming after them? That's like a double whammy 
So yeah, I think foreign companies need to be super careful when it comes to doing business in China... you never know what's lurking around the corner 
. micron's a big player in the industry and if china can shut them down, thats a major blow to our tech capabilities 
. if you're a country that wants to be a major player, you need to have a solid foundation in place and china's making some big mistakes right now... hopefully they can get it together before its too late 
... back in my day, we didn't have all these tech tensions goin' on between countries. It was just business as usual. But now, everyone's got their own agenda and they're tryin' to one-up each other. And Micron's right smack dab in the middle of it 
... but you can't blame 'em for tryin' to level the playin' field.
. I'm not sure what the outcome is gonna be, but one thing's for sure... it's gonna make some companies a lot richer 
and others a lot poorer 
... I mean, I've heard of it before, but now it's like every country's got its own cybersecurity agency and they're all tryin' to outdo each other 
. It's like a big game of cyber-who's-who 
️... watchin' the whole thing unfold 
.
they're trying to stay neutral but china's not having it 
. can't see a way out of this mess right now 
The problem is, we don't really know how much of this probe is about national security and how much is just about Micron trying to get ahead in the game. 
It's like, China is trying to flex its muscles in the tech world and get back at the US for imposing restrictions on their exports. But the thing is, these restrictions are actually a response to China's own aggressive tactics, like detaining staff from US companies and forcing them to cooperate with Beijing's agenda 
.