US Chip Maker Micron Under Fire as China Launches Cybersecurity Probe Amid Tensions Over Tech Sales
China has launched a cybersecurity probe into US-based chip maker Micron Technology, citing concerns over national security. The move comes amid escalating tensions between Washington and Beijing over the sale of key technology to Asia and Europe.
The Cyberspace Administration of China (CAC) announced that it would review products sold by Micron in the country as part of its efforts to "ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security."
Micron said it was aware of the review and was cooperating fully with the investigation. The company's shares fell sharply on Wall Street following the news, dropping 4.4% as the biggest single-day decline in over three months.
The probe appears to be retaliation against US allies in Asia and Europe who have announced new restrictions on the sale of key technology to China. Japan, a US ally, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands.
China has strongly criticized such measures, calling them "unfair" and saying they would harm its economic growth. Beijing is seeking to woo foreign investments as it grapples with mounting economic challenges, but has also been exerting growing pressure on foreign companies to bring them into line with its agenda.
In recent months, China has cracked down on foreign firms operating in the country, including the suspension of Deloitte's operations for three months and an imposition of a fine of $31 million over alleged lapses in auditing work. The move is seen as part of Beijing's efforts to assert control over key sectors of its economy.
The probe into Micron also raises concerns about the potential impact on global supply chains, which rely heavily on US-based companies such as Micron for their memory chips and other components. Any disruption to these supplies could have far-reaching consequences for industries around the world.
As tensions between Washington and Beijing continue to escalate, it remains to be seen how the probe into Micron will play out. However, one thing is clear: the future of global trade and investment in key technology sectors hangs in the balance.
China has launched a cybersecurity probe into US-based chip maker Micron Technology, citing concerns over national security. The move comes amid escalating tensions between Washington and Beijing over the sale of key technology to Asia and Europe.
The Cyberspace Administration of China (CAC) announced that it would review products sold by Micron in the country as part of its efforts to "ensure the security of key information infrastructure supply chains, prevent cybersecurity risks caused by hidden product problems, and maintain national security."
Micron said it was aware of the review and was cooperating fully with the investigation. The company's shares fell sharply on Wall Street following the news, dropping 4.4% as the biggest single-day decline in over three months.
The probe appears to be retaliation against US allies in Asia and Europe who have announced new restrictions on the sale of key technology to China. Japan, a US ally, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands.
China has strongly criticized such measures, calling them "unfair" and saying they would harm its economic growth. Beijing is seeking to woo foreign investments as it grapples with mounting economic challenges, but has also been exerting growing pressure on foreign companies to bring them into line with its agenda.
In recent months, China has cracked down on foreign firms operating in the country, including the suspension of Deloitte's operations for three months and an imposition of a fine of $31 million over alleged lapses in auditing work. The move is seen as part of Beijing's efforts to assert control over key sectors of its economy.
The probe into Micron also raises concerns about the potential impact on global supply chains, which rely heavily on US-based companies such as Micron for their memory chips and other components. Any disruption to these supplies could have far-reaching consequences for industries around the world.
As tensions between Washington and Beijing continue to escalate, it remains to be seen how the probe into Micron will play out. However, one thing is clear: the future of global trade and investment in key technology sectors hangs in the balance.
! China's all up in arms over Micron, and now it's hitting US allies too 
? Japan's restricting exports to countries that are, like, "not nice" to them 
. And Beijing's all about trying to get foreign investments in there, but also wants to control the companies 
.
...like if Micron stops exporting chips or something, it could be bad news for everyone 
.
. The future of trade and investments is, like, literally hanging in the balance 
...let's hope everyone can figure it out peacefully 
so china's doing this cyber security probe on micron tech as a retalation for the us allies restricting their chip sales to them? like isnt that just a case of both sides trying to exert pressure on each other? 
Micron's already losing a ton of cash on Wall Street... I hope they can weather the storm. But seriously, this is making me worried about our global supply chains 
. If China starts cracking down on US companies, it could have some major ripple effects. We need to be careful not to escalate things too much - let's all just try to chill out and negotiate a way forward 
.
The whole 'national security' thing is pretty vague to me, what does it even mean? Are they worried that Micron's gonna sell out or something? 
and I'm not sure how this'll all shake out. The global chip industry is already super complicated, can we really afford to have another layer of drama in it? 
China's move against Micron is making a lot of people on Wall Street very nervous 
The fact that Japan and other US allies are restricting tech exports to China is adding fuel to the fire 
It's a really tricky situation, and I hope everyone can find a way to resolve it peacefully 
... I mean, what if it affects our school's tech projects? We have a lot of international students and projects that rely on global supply chains 
... The thought of disruptions to memory chips and other components is giving me anxiety 
micron tech is getting hit with a cybersecurity probe from china cuz of the tensions between the us and china over tech sales 
, china's all like 'hey us, you gotta play by our rules' but really they're just trying to exert control over the global tech industry 
micron's being punted as a scapegoat, but at the end of the day it's all about the dollars 
this China vs US chip maker drama is getting SO intense 
. It's all so complicated 
. Let's try to think about the bigger picture and work towards solutions that benefit everyone, not just our own interests. 