Micron Technology Under Fire: China Launches Probe Amid US-EU Tech Tensions
In a move aimed at bolstering its own semiconductor industry, China has launched a cybersecurity probe into Micron Technology, one of the largest memory chip makers in the US. The Cyberspace Administration of China (CAC) announced on Friday that it will review products sold by Micron in the country, citing concerns over potential cybersecurity risks.
The development comes as tensions between the US and China continue to escalate, with Washington and its allies imposing curbs on Beijing's semiconductor industry. Last month, the Netherlands also unveiled new restrictions on overseas sales of semiconductor technology, while the US banned Chinese companies from buying advanced chips and chip-making equipment without a license.
Micron said it was aware of the review and is cooperating fully with the CAC. The company has warned in an earlier filing that such risks could include restrictions on its participation in the China market or the prevention of effective competition with Chinese firms.
The move by China is seen as retaliation against US allies who have announced new restrictions on tech exports to Beijing. Japan, for example, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the US and the Netherlands.
Shares in Micron sank 4.4% on Wall Street after news of the probe broke, marking the biggest drop in more than three months. The company derives over 10% of its revenue from China, making the probe a significant concern for investors.
China has strongly criticized restrictions on tech exports, saying last month it "firmly opposes" such measures. However, Beijing has also been exerting pressure on foreign companies to bring them into line with its agenda, as part of efforts to boost growth and job creation.
In recent months, Chinese authorities have closed the offices of several foreign companies in China, detaining staff and imposing fines over alleged lapses in their work. The probe into Micron is likely to be seen as another example of Beijing's determination to assert its dominance in the global semiconductor industry.
As tensions between the US and China continue to rise, it remains to be seen how this latest development will play out. One thing is certain, however: the tech sector is becoming increasingly entangled in a complex web of geopolitics and economic rivalries that could have far-reaching consequences for companies like Micron Technology.
In a move aimed at bolstering its own semiconductor industry, China has launched a cybersecurity probe into Micron Technology, one of the largest memory chip makers in the US. The Cyberspace Administration of China (CAC) announced on Friday that it will review products sold by Micron in the country, citing concerns over potential cybersecurity risks.
The development comes as tensions between the US and China continue to escalate, with Washington and its allies imposing curbs on Beijing's semiconductor industry. Last month, the Netherlands also unveiled new restrictions on overseas sales of semiconductor technology, while the US banned Chinese companies from buying advanced chips and chip-making equipment without a license.
Micron said it was aware of the review and is cooperating fully with the CAC. The company has warned in an earlier filing that such risks could include restrictions on its participation in the China market or the prevention of effective competition with Chinese firms.
The move by China is seen as retaliation against US allies who have announced new restrictions on tech exports to Beijing. Japan, for example, said it would restrict the export of advanced chip manufacturing equipment to countries including China, following similar moves by the US and the Netherlands.
Shares in Micron sank 4.4% on Wall Street after news of the probe broke, marking the biggest drop in more than three months. The company derives over 10% of its revenue from China, making the probe a significant concern for investors.
China has strongly criticized restrictions on tech exports, saying last month it "firmly opposes" such measures. However, Beijing has also been exerting pressure on foreign companies to bring them into line with its agenda, as part of efforts to boost growth and job creation.
In recent months, Chinese authorities have closed the offices of several foreign companies in China, detaining staff and imposing fines over alleged lapses in their work. The probe into Micron is likely to be seen as another example of Beijing's determination to assert its dominance in the global semiconductor industry.
As tensions between the US and China continue to rise, it remains to be seen how this latest development will play out. One thing is certain, however: the tech sector is becoming increasingly entangled in a complex web of geopolitics and economic rivalries that could have far-reaching consequences for companies like Micron Technology.
China's move on Micron is just another step in their "strategic" plans to catch up with the US in the chip game 
They're basically saying, "Hey, we need you to play by our rules or leave." It's like a big game of economic chess, and Micron is basically caught in the middle 
. I mean, can't they just make their own chips without having to deal with all this drama? 
But seriously, it's not just about Micron - this whole tech industry thing is becoming super politicized 
. We need to remember that businesses operate globally, but governments keep trying to exert their influence 
. It's like, let's focus on innovation and progress rather than playing geopolitics 
. And what's with all the restrictions? Can't we just have open markets and trade agreements instead of all this back-and-forth? 
I guess only time will tell how this plays out 
! China's gotta step its game up or get left behind in the chip-making world 
. I mean, US and EU are already clamping down on Beijing's semiconductor industry, and now China's launching a probe into Micron Tech? That's like, next level retaliation 
. Shares in Micron tanked hard after this news, and I can see why – 10% of their revenue comes from China, that's a big chunk 
. It's all about the geopolitics and economic rivalries now, folks. This tech sector is like, super sensitive 
.
micron shares sank 4.4% on wall street lol guess they're not as invincible as they thought 
...i feel bad for the employees at micron tech, i hope they can navigate through this crisis 
...anyway, it'll be interesting to see how china and us react to each other's moves 
...
. but let's be real, it's not like they're going to magically solve their tech problems with some cyber security probe 
. The real question is: what's next?
and it's getting pretty intense between the us and china right now 
they're losing 10% of their revenue in china already and this probe just threw another wrench into the mix 
i swear cats are the best little bakers ever 
anyway back to micron tech... china's probe is kinda like when i get stuck in traffic on my way to meet up with friends u feel me? 
