US Chip Maker Micron Under Cybersecurity Probe from China in Retaliation Over Tech Restrictions
In a move that underscores growing tech tensions between Washington and Beijing, China's Cyberspace Administration has launched a cybersecurity probe into US chip maker Micron Technology, one of America's largest memory chip manufacturers.
The probe is seen as retaliation against the recent announcement by US allies Japan, the Netherlands, and the United States to restrict the sale of key technology to China. The move aims to ensure the security of critical information infrastructure supply chains and prevent potential cybersecurity risks.
Micron has warned in an earlier filing that such risks are possible due to its significant presence in the Chinese market, with over 10% of its revenue coming from the country. The company's shares plummeted 4.4% on Wall Street last Friday following the news, marking the biggest single-day drop in more than three months.
China has expressed strong criticism towards restrictions on tech exports, describing them as "firmly opposed" measures. However, Beijing is under pressure to boost growth and job creation, prompting it to woo foreign investments and offer attractive incentives to global CEOs.
The move highlights China's efforts to bring foreign companies into line with its agenda, following the detention of five local staff from a US corporate intelligence firm, Mintz Group, in December last year. Deloitte's operations in Beijing were also suspended for three months earlier this month after it was fined $31 million over alleged work auditing lapses.
The probe into Micron is just another example of how China is using its growing economic power to flex its muscles and push back against Western companies. The move could have significant implications for the global semiconductor industry, particularly if other US allies follow suit with similar restrictions.
As tensions between Washington and Beijing continue to escalate, it remains to be seen how Micron will navigate this challenging landscape and what impact the probe may have on its operations in China.
In a move that underscores growing tech tensions between Washington and Beijing, China's Cyberspace Administration has launched a cybersecurity probe into US chip maker Micron Technology, one of America's largest memory chip manufacturers.
The probe is seen as retaliation against the recent announcement by US allies Japan, the Netherlands, and the United States to restrict the sale of key technology to China. The move aims to ensure the security of critical information infrastructure supply chains and prevent potential cybersecurity risks.
Micron has warned in an earlier filing that such risks are possible due to its significant presence in the Chinese market, with over 10% of its revenue coming from the country. The company's shares plummeted 4.4% on Wall Street last Friday following the news, marking the biggest single-day drop in more than three months.
China has expressed strong criticism towards restrictions on tech exports, describing them as "firmly opposed" measures. However, Beijing is under pressure to boost growth and job creation, prompting it to woo foreign investments and offer attractive incentives to global CEOs.
The move highlights China's efforts to bring foreign companies into line with its agenda, following the detention of five local staff from a US corporate intelligence firm, Mintz Group, in December last year. Deloitte's operations in Beijing were also suspended for three months earlier this month after it was fined $31 million over alleged work auditing lapses.
The probe into Micron is just another example of how China is using its growing economic power to flex its muscles and push back against Western companies. The move could have significant implications for the global semiconductor industry, particularly if other US allies follow suit with similar restrictions.
As tensions between Washington and Beijing continue to escalate, it remains to be seen how Micron will navigate this challenging landscape and what impact the probe may have on its operations in China.
This is getting crazy! I mean, I know both sides are trying to assert their dominance in tech, but come on... China's probing US chip maker Micron? 
That's like China poking a bear with a stick and expecting it to just chill. 
It's not going to end well.
I mean, it's not like US companies are going to start exporting nuclear secrets or something... 
Maybe Micron can navigate this and find ways to comply with China's... um, "requests". 
Micron's got some major problems comin' out of China 
. This whole thing is just gettin' ugly 
. I mean, China's already flexin' its muscles and now it's tryin' to retaliate against the US with a cybersecurity probe 
. And Micron's got over 10% of its revenue from China - that's like, a lot of dough 
. They're gonna have to navigate this super sensitive situation without losin' any more stock value 
.
. If other US allies start implementin' similar restrictions, it's gonna be a whole new ball game 
️. China's tryin' to bring foreign companies in line with its agenda, but at what cost? 
I'm not sure how Micron's gonna come out of this one unscathed 
.
. China's all about flexing its economic muscles and showing Western companies who's boss 
. But, at the same time, it's not like they're going to let their chips fall where they may...literally 
It's a delicate dance, and Micron needs to tread carefully to avoid getting caught in the crossfire 
️.
. And let's be real, China's just trying to level the playing field, but it's not gonna be easy for them to catch up with the West 
. I mean, who wants to do business with a country that's all like "we're gonna scrutinize you until we get what we want"? 
Not me, that's for sure 
.
. They need foreign investment and expertise to grow their economy, but it feels like they're doing whatever it takes to get ahead, even if it means going after US companies 
.
. i mean, micron's already saying they have concerns about cyber security risks in the chinese market... it's like china's trying to paint them as the bad guy here 
i don't think so. micron's already seeing a big drop in shares... this could be the start of something bigger.
.
... but on the other hand, it could stifle innovation and hurt global trade 
This cybersecurity probe from China is like, a total slap in the face for Micron, but let's be real, it's also a move to get back at the US and its allies for tryin' to restrict China's tech exports. I mean, we're talkin' about a country that's got some serious economic power now, and they're not afraid to use it.
. What's next? Are other US companies gonna get hit too? This whole thing is just escalating the tensions between the two nations... it's all about the tech 
but anyway im reading about this us chip maker micron being under cybersecurity probe from china and i was thinking like what if they dont give in to chinese demands lol idk how much pressure china can put on them but maybe they should be more careful with their china business 
btw do you think its true that chinese hackers have been sneaking into other countries servers and stuff 
. I hope Micron has a solid plan in place to navigate this and avoid any major setbacks 
.
. I mean, we all know how China's been acting in the past - detaining staff, suspending operations... it's just a whole different level of playing rough 
, but this feels like a classic case of "be careful what you wish for" 
. If we start restricting tech exports, it's only going to drive more business elsewhere 
. And let's not forget about the potential blowback on our own economy 
. We can't just sit back and watch China play us like a fiddle 
.
Don't get me wrong, security is super important, but do we really need to play the game of tit-for-tat in the chip-making world? 
. And what about all those foreign CEOs who are already on edge, waiting for China to pounce? It's like, chill out, guys, can't we all just get along?