US Chip Maker Micron Under Cybersecurity Probe from China as Tech Tensions Escalate
In a move that appears to be retaliation for recent restrictions on Chinese tech companies in the US and Europe, China has launched a cybersecurity probe into Micron Technology, one of America's largest memory chip makers. The Cyberspace Administration of China will review products sold by Micron in the country, citing concerns over "ensuring the security of key information infrastructure supply chains, preventing cybersecurity risks caused by hidden product problems, and maintaining national security."
The probe comes as tensions between the US and China continue to escalate, with Washington announcing curbs on Beijing's semiconductor industry. These restrictions aim to strike at the heart of China's bid to become a tech superpower. In response, US allies in Asia, including Japan, have also announced new measures to restrict China's access to advanced chip technology.
Micron Technology has been warned by its own regulator that it may face risks from such actions, with shares sinking 4.4% on Wall Street following the news, the largest drop in more than three months. The Idaho-based company derives over 10% of its revenue from China and has previously expressed concerns about potential restrictions.
In an earlier filing, Micron warned that Chinese authorities may restrict it from participating in the China market or prevent it from competing effectively with domestic companies. This latest move by China is seen as a response to similar measures taken by the US and other countries.
China has strongly criticized these restrictions, saying last month that it "firmly opposes" such measures. However, Beijing's government has been increasingly exerting pressure on foreign companies to bring them into line with its agenda. In recent months, authorities have closed the offices of several international firms in China and detained local staff.
The probe into Micron Technology serves as a reminder of the high stakes at play in the escalating US-China tech rivalry. As tensions continue to rise, it remains to be seen how these measures will impact trade relations between the two superpowers.
In a move that appears to be retaliation for recent restrictions on Chinese tech companies in the US and Europe, China has launched a cybersecurity probe into Micron Technology, one of America's largest memory chip makers. The Cyberspace Administration of China will review products sold by Micron in the country, citing concerns over "ensuring the security of key information infrastructure supply chains, preventing cybersecurity risks caused by hidden product problems, and maintaining national security."
The probe comes as tensions between the US and China continue to escalate, with Washington announcing curbs on Beijing's semiconductor industry. These restrictions aim to strike at the heart of China's bid to become a tech superpower. In response, US allies in Asia, including Japan, have also announced new measures to restrict China's access to advanced chip technology.
Micron Technology has been warned by its own regulator that it may face risks from such actions, with shares sinking 4.4% on Wall Street following the news, the largest drop in more than three months. The Idaho-based company derives over 10% of its revenue from China and has previously expressed concerns about potential restrictions.
In an earlier filing, Micron warned that Chinese authorities may restrict it from participating in the China market or prevent it from competing effectively with domestic companies. This latest move by China is seen as a response to similar measures taken by the US and other countries.
China has strongly criticized these restrictions, saying last month that it "firmly opposes" such measures. However, Beijing's government has been increasingly exerting pressure on foreign companies to bring them into line with its agenda. In recent months, authorities have closed the offices of several international firms in China and detained local staff.
The probe into Micron Technology serves as a reminder of the high stakes at play in the escalating US-China tech rivalry. As tensions continue to rise, it remains to be seen how these measures will impact trade relations between the two superpowers.
i think micron technology got caught in the crossfire here, but china's probe is a bit of a double-edged sword - on one hand it's trying to protect its own interests, but on the other hand it could also end up harming the chinese people who rely on micron for tech stuff 
. It's like, what's next? If Micron gets hit, who's next? US companies are already feeling the squeeze with all these restrictions and closures in China... it's a vicious cycle 
. And let's not forget, this is all playing out against the backdrop of rising tensions between the two superpowers 
. I think we need to be careful about how we're framing this as 'retaliation' - what if it's actually just a matter of protecting national security? 
But at the same time, China needs to understand that this kind of move isn't going to fly in the US 
. It's all about balance and finding common ground... but where's the conversation on that? 
another day another chip maker being hit with cyber probes 
the us is retaliating against china's restrictions on its own companies and now micron tech is getting dragged into it 
their shares are tanking 4.4% already, what a nightmare for investors 
this whole thing just shows how toxic this trade war is becoming 
china's gotta be worried about losing access to advanced chip tech too 
did anyone think this wouldn't happen? 
now microns shares are tanking and i'm just waiting to see what's next... will the us retaliate or will china just keep pushing forward with their tech agenda? 
. shares of micron sinking 4.4%? yikes! 
like, what's next?! will this escalate into a full-blown trade war? 
They've been closing down international companies' offices left and right, basically telling them to toe the line or leave 
. I'm all about giving China a chance to grow and thrive as a nation, but come on, can't they just play nice? 
. idk how much more of this tech game we can take 
so china is doing this to micron because they're not being super cool with their restrictions on chinese companies in the us and europe 
do they really need all those american-made ones? 
it's like, 4.4% down and they're freaking out 
. The US is already curbing China's access to advanced chip tech - this is a big deal 
. I hope Micron can weather this storm and find a way to keep doing business in China without getting strangled 
. This is not how trade works, folks 
.
Can you believe China is trying to hack into the brains of Micron employees? I mean, "ensuring security"... more like ensuring they can't steal our chips 
! Anyway, this is just a chip off the old block (get it?) in the ongoing tech cold war. It's like, China says we're restricting them, so now they're trying to restrict us back... it's a real "chip-Off" 
!