US chipmaker Micron Technology is facing a cybersecurity probe in China as tensions between the two nations escalate over technology exports.
In a move that comes amid growing tensions between Washington and Beijing, China's Cyberspace Administration (CAC) has launched an investigation into products sold by Micron Technology in the country. The watchdog stated it will review Micron's shipments to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks associated with the company's products.
This development is part of a broader US-China tech spat, where Washington has announced curbs on China's semiconductor industry aimed at preventing Beijing from becoming a major player in the global technology sector. The restrictions are seen as a response to growing concerns over China's increasing influence and control in the tech world.
The move comes after Japan and the Netherlands also restricted exports of advanced chip manufacturing equipment to countries including China, following similar moves by the US. This has had a significant impact on Micron Technology, with shares sinking 4.4% on Wall Street Friday following the news - the biggest drop in over three months.
Micron, which derives more than 10% of its revenue from China, warned earlier this month that it faced significant risks due to the increasingly complex and competitive landscape of global tech exports. The company expressed concerns about potential restrictions on participation in the Chinese market or difficulties competing effectively with local companies.
China has strongly criticized similar restrictions, saying they "firmly oppose" such measures. However, Beijing is seen as cracking down on foreign companies that fail to comply with its demands, including imposing fines and suspending operations.
The escalating tensions between the US and China have significant implications for the global technology sector, with major players like Micron Technology facing increasing pressure to operate in a highly competitive and restrictive environment.
In a move that comes amid growing tensions between Washington and Beijing, China's Cyberspace Administration (CAC) has launched an investigation into products sold by Micron Technology in the country. The watchdog stated it will review Micron's shipments to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks associated with the company's products.
This development is part of a broader US-China tech spat, where Washington has announced curbs on China's semiconductor industry aimed at preventing Beijing from becoming a major player in the global technology sector. The restrictions are seen as a response to growing concerns over China's increasing influence and control in the tech world.
The move comes after Japan and the Netherlands also restricted exports of advanced chip manufacturing equipment to countries including China, following similar moves by the US. This has had a significant impact on Micron Technology, with shares sinking 4.4% on Wall Street Friday following the news - the biggest drop in over three months.
Micron, which derives more than 10% of its revenue from China, warned earlier this month that it faced significant risks due to the increasingly complex and competitive landscape of global tech exports. The company expressed concerns about potential restrictions on participation in the Chinese market or difficulties competing effectively with local companies.
China has strongly criticized similar restrictions, saying they "firmly oppose" such measures. However, Beijing is seen as cracking down on foreign companies that fail to comply with its demands, including imposing fines and suspending operations.
The escalating tensions between the US and China have significant implications for the global technology sector, with major players like Micron Technology facing increasing pressure to operate in a highly competitive and restrictive environment.
this is getting crazy! I mean, I knew there was more to that 5G rollout than meets the eye... like what if China's just trying to get its hands on some super secure tech to counter their own espionage efforts? 
And now Micron's in the middle of it all. I'm not saying they're involved, but have you considered that this is all just a game of cat and mouse between major players? 
It's like, what if China's "security concerns" are just a smokescreen for their own agenda to dominate the global tech landscape? 
just saw that micron tech's shares are taking a hit because of this china cyber security probe 
. the whole us-china tech spat is getting crazy 
and we're all getting hurt in the process 
. micron's profits are already suffering from these restrictions 
and now they're facing a cybersecurity probe? it's like they can't catch a break 
. china's been cracking down on foreign companies for months now 
and it's only going to get worse 
. hope someone figure out how to solve this mess soon 
America's got a beef with China over chips, it's like they're trying to "re-chip" their relationship 
. Seriously though, this is getting serious, I mean who doesn't love a good game of tech geopolitics? 
The thing is, Micron's in a bit of a pickle, shares are tanking and all that jazz. But you know what they say, when life gives you lemons, make lemonade... or in this case, when China cracks down on chip exports, try to "re-route" your business 
. On a serious note though, it's getting real, US-China tech tensions are heating up and we're all just trying to stay cool 
.
china's getting all high and mighty about protecting their info infrastructure but at the end of the day it's just another trade war 
that everyone gets hurt 
especially the consumers who are left to pick up the pieces 
it's all just part of the game, right? Micron's got this, they're a solid company 
and they'll figure out a way to navigate these restrictions. China's gonna crack down on foreign companies that don't play by their rules, but I think Micron's smart enough to avoid any major issues 
maybe they can even find ways to work with the Chinese government 
after all, it's not like they're going to abandon a market that accounts for 10% of their revenue 
I know it's all about the US-China tech spat, but come on, can't we all just get along? 
Micron Tech is one of those companies that I'm super obsessed with (they have the most amazing memory chips 
What if they lose access to China's market?! 
The implications for the global tech sector are huge, tbh! It's like, what's gonna happen to all these other US companies? 
️
like, isn't it their fault for being too aggressive with tech acquisition and now they're complaining when others aren't playing nice 
. I don't know, maybe I'm just a simple person, but it seems like we're all just getting caught up in this game of global tech politics 
. micron's got this - they've been warning about these risks for months, but nobody wants to listen 
. This probe by China's Cyberspace Administration is a good reminder that we need to be mindful of the tech giants we work with.
. Maybe this is an opportunity for us to think outside the box (or chip, haha) and come up with our own innovative tech ideas that don't rely on imports from countries with strict regulations 
. It's all about thinking local, folks! 
), but something just doesn't add up here. It's all about playing hardball in this game of tech geopolitics.