US Chip Maker Micron Under Fire as China Launches Cybersecurity Probe
China has launched a thorough investigation into US-based chip maker Micron Technology, citing concerns over potential cybersecurity risks in its products sold in the country.
The probe, led by the Cyberspace Administration of China (CAC), aims to "ensure the security of key information infrastructure supply chains" and prevent any hidden problems that could lead to cyber threats. This move comes as tensions between the US and China continue to escalate over issues related to trade, technology, and national security.
Micron, which supplies more than 10% of its revenue from China, has faced growing pressure in recent months from Beijing. The company had warned earlier this year about potential risks associated with its business in China.
The CAC's investigation marks a significant escalation of tensions between the two nations, which have been at odds over issues related to technology and trade. In recent weeks, several US allies, including Japan and the Netherlands, have announced new restrictions on tech exports to China, citing concerns over national security.
As part of these measures, Japan has restricted the export of advanced chip manufacturing equipment to countries, including China. Similarly, the US has banned Chinese companies from buying advanced chips and chip-making equipment without a license.
Shares in Micron plummeted 4.4% on Wall Street following the news of the probe, marking its largest single-day drop in over three months. The company's CEO has emphasized that Micron is committed to ensuring the security of its products, but the probe has raised concerns about the potential impact on its business.
The move highlights the growing unease between China and the US over issues related to technology and trade. Beijing has been seeking to woo foreign investments in a bid to boost growth and job creation, but has also exerted pressure on foreign companies to bring them into line with its agenda.
In recent months, Chinese authorities have taken steps to crack down on foreign companies operating in the country, including suspending operations and imposing fines. The latest move against Micron follows this trend, as China seeks to assert its dominance over the global technology industry.
The probe is a significant development in the ongoing trade tensions between the US and China, which have been simmering for months. As the situation continues to unfold, investors and business leaders will be watching closely to see how this move affects Micron's operations and the broader tech landscape.
China has launched a thorough investigation into US-based chip maker Micron Technology, citing concerns over potential cybersecurity risks in its products sold in the country.
The probe, led by the Cyberspace Administration of China (CAC), aims to "ensure the security of key information infrastructure supply chains" and prevent any hidden problems that could lead to cyber threats. This move comes as tensions between the US and China continue to escalate over issues related to trade, technology, and national security.
Micron, which supplies more than 10% of its revenue from China, has faced growing pressure in recent months from Beijing. The company had warned earlier this year about potential risks associated with its business in China.
The CAC's investigation marks a significant escalation of tensions between the two nations, which have been at odds over issues related to technology and trade. In recent weeks, several US allies, including Japan and the Netherlands, have announced new restrictions on tech exports to China, citing concerns over national security.
As part of these measures, Japan has restricted the export of advanced chip manufacturing equipment to countries, including China. Similarly, the US has banned Chinese companies from buying advanced chips and chip-making equipment without a license.
Shares in Micron plummeted 4.4% on Wall Street following the news of the probe, marking its largest single-day drop in over three months. The company's CEO has emphasized that Micron is committed to ensuring the security of its products, but the probe has raised concerns about the potential impact on its business.
The move highlights the growing unease between China and the US over issues related to technology and trade. Beijing has been seeking to woo foreign investments in a bid to boost growth and job creation, but has also exerted pressure on foreign companies to bring them into line with its agenda.
In recent months, Chinese authorities have taken steps to crack down on foreign companies operating in the country, including suspending operations and imposing fines. The latest move against Micron follows this trend, as China seeks to assert its dominance over the global technology industry.
The probe is a significant development in the ongoing trade tensions between the US and China, which have been simmering for months. As the situation continues to unfold, investors and business leaders will be watching closely to see how this move affects Micron's operations and the broader tech landscape.
china launching a probe on micron just seems like another way for them to flex their muscles in the tech world. like what's next? israel going to start investigating samsung or something? 
but seriously, it's all about who gets to control the chip market and where that takes us i mean, china really needs this domestic chip industry to take off or else they'll be stuck importing from everyone else forever 
this whole thing is getting so crazy!! china's basically saying micron's products are a security risk just 'cause they're made in us 
, but what about all the other countries that use those same chips? isn't there some kind of international standard or regulation or something? 
it feels like china's trying to strong-arm its way into getting what it wants without having to play by the rules. and micron's just sitting back and saying "oh, we're committed to security" 
but what does that even mean in practice? are they gonna start putting some kind of chinese flag sticker on their chips or something 
but still, this is a big move, could be good for US chip makers in the long run 
meanwhile, japan and us are just like "we're on it too" 
what's next? more tech export restrictions? 
they r tryna assuage everyone but its hard 2 trust w/ a company thats already faced major backlash from china 
what s next? 
. It's not surprising that they're cracking down on foreign companies, especially ones that are major players like Micron 
. The fact that it's hitting them hard with a probe is just the cherry on top 
. I think this move will have major implications for US-China trade tensions and the global chip industry 
. We'll likely see more restrictions on tech exports to China from other countries, and it could get pretty ugly 
. It's also worth noting that Micron's CEO is trying to reassure investors, but it's hard to see how they can avoid getting tangled up in this mess 
. micron's got a big chip to lay on the table if they can't get through this investigation without major issues 
japan & netherlands are restricting tech exports to china too! 
meanwhile, micron's CEO is all like "we got this" but i'm still keeping an eye on this situation 
they're not exactly holding the world hostage with their products. a little transparency would go a long way here 
micron's got some serious security measures in place, so let's not jump to conclusions 
. it's like they're trying to take control of the tech industry and micron's right down the middle of it 
, but at what cost? 
. It's like, what's next? Are they going to start targeting other US companies too? 
The whole thing just feels so unpredictable 
. And now they're taking it out on Micron, which is already a major player in the global chip market 
. It's not like it's going to stop China from getting what they want - or from launching more probes and investigations against companies who dare to do business with them 