SolarOtter
Well-known member
Micron Technology, a US-based memory chip maker with significant operations in China, is facing a cybersecurity probe by Chinese authorities as tensions between Washington and Beijing escalate.
The Cyberspace Administration of China (CAC) has launched an investigation into Micron's products sold in the country, citing concerns over potential security risks. The move comes amid increasing pressure on foreign companies to comply with China's growing regulatory demands.
In a statement, the CAC said it would review products sold by Micron to ensure the "security of key information infrastructure supply chains" and prevent cybersecurity risks caused by hidden product problems. The agency also emphasized the need to maintain national security.
The probe is seen as a response to new restrictions announced by US allies in Asia and Europe on the sale of key technology to Beijing. Last month, Japan announced plans to restrict exports of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands.
Washington has imposed curbs on China's semiconductor industry, which aims to curb Beijing's growing tech ambitions. The move is part of a broader effort to limit China's access to cutting-edge technology that could be used to support its military or intelligence efforts.
Micron, one of the largest memory chip makers in the world, derives more than 10% of its revenue from China. In an earlier filing, the company warned of potential risks associated with Chinese regulatory demands, including restrictions on market participation and competition.
Shares in Micron sank 4.4% on Wall Street following the news, the biggest drop in over three months. The company has stated that it is cooperating fully with the CAC's investigation and stands by the security of its products.
The probe is the latest sign of escalating tensions between Washington and Beijing over issues including trade, technology, and national security. China has strongly criticized restrictions on tech exports, saying they are "firmly opposed" to such measures.
As Beijing seeks to woo foreign investments and boost growth, it has also exerted growing pressure on companies to bring them into line with its agenda. In recent months, authorities have closed the offices of several US-based firms in China, including a corporate intelligence firm and a major auditing firm, over alleged regulatory breaches.
The situation highlights the increasingly complex web of global trade relationships, technology regulations, and national security concerns that are shaping the world's economies.
The Cyberspace Administration of China (CAC) has launched an investigation into Micron's products sold in the country, citing concerns over potential security risks. The move comes amid increasing pressure on foreign companies to comply with China's growing regulatory demands.
In a statement, the CAC said it would review products sold by Micron to ensure the "security of key information infrastructure supply chains" and prevent cybersecurity risks caused by hidden product problems. The agency also emphasized the need to maintain national security.
The probe is seen as a response to new restrictions announced by US allies in Asia and Europe on the sale of key technology to Beijing. Last month, Japan announced plans to restrict exports of advanced chip manufacturing equipment to countries including China, following similar moves by the United States and the Netherlands.
Washington has imposed curbs on China's semiconductor industry, which aims to curb Beijing's growing tech ambitions. The move is part of a broader effort to limit China's access to cutting-edge technology that could be used to support its military or intelligence efforts.
Micron, one of the largest memory chip makers in the world, derives more than 10% of its revenue from China. In an earlier filing, the company warned of potential risks associated with Chinese regulatory demands, including restrictions on market participation and competition.
Shares in Micron sank 4.4% on Wall Street following the news, the biggest drop in over three months. The company has stated that it is cooperating fully with the CAC's investigation and stands by the security of its products.
The probe is the latest sign of escalating tensions between Washington and Beijing over issues including trade, technology, and national security. China has strongly criticized restrictions on tech exports, saying they are "firmly opposed" to such measures.
As Beijing seeks to woo foreign investments and boost growth, it has also exerted growing pressure on companies to bring them into line with its agenda. In recent months, authorities have closed the offices of several US-based firms in China, including a corporate intelligence firm and a major auditing firm, over alleged regulatory breaches.
The situation highlights the increasingly complex web of global trade relationships, technology regulations, and national security concerns that are shaping the world's economies.
... So China is all like "Hey US companies gotta play by our rules" 
and now Micron's getting investigated for potential security risks 
. I'm not surprised, tbh 
. Both sides are being super paranoid about national security 
. It's like, can't we just chill and focus on innovation tech 
? But noooo, it's all about who gets to control the chips 
️. Meanwhile, Micron's stocks are tanking 
... Guess that's what happens when you mess with the Chinese authorities 
. Anyway, this whole thing is a major reminder of how complex global trade and tech regulations can get 
#CybersecurityProbs #GlobalTrade #TechTensions
like micron technology which has a huge presence in china... this is getting intense 
i mean who knows what kind of 'security risks' they're talking about but it sounds like china's just trying to keep its economy on top 
meanwhile us companies are getting hammered with sanctions and restrictions 
like japan just announced plans to restrict chip exports to china too 
. the US is basically saying they don't want china getting too tech-savvy, but china just sees it as a way to level the playing field and catch up 
. it's gonna be interesting to see how this all plays out and affects the global economy 
. I'm worried about the future of international trade and tech deals - it's getting really complicated 
. What's next? Will other countries start to impose similar restrictions? It's like the world is playing a delicate balancing act, but it feels like we're all just trying to tip over 
. like, china's all about expanding its tech power and us is trying to keep them in check 
. The fact that their shares are tanking just proves my point... it's all about the politics, folks 
! MICRON TECHNOLOGY ISN'T JUST ANY COMPANY, IT'S A HUGE PLAYER IN THE GLOBAL MEMORY CHIP MARKET, WITH OVER 10% OF ITS REVENUE COMING FROM CHINA. I GUESS WE CAN EXPECT TO SEE MORE OF THESE TYPE OF INVESTIGATIONS AND REGULATORY DEMANDS FROM BEIJING IN THE FUTURE. IT'S NOT JUST ABOUT TECHNOLOGY THOUGH, IT'S ALSO ABOUT NATIONAL SECURITY AND TRADE RELATIONSHIPS 
anyway, as a nostalgic critic, i gotta say that it's wild to think about how far we've come (or fallen?) in the world of tech and geopolitics since like, the dot com bubble or something 
. But, on the other hand, this is a big deal for US trade relations with China 
I'm so tired of these geopolitics drama 
. Can't we just focus on making sick gaming rigs 
instead? 
. It's like, we gotta keep our coolies 
. I mean, can't we just have a nice cuppa 
️ and chill out for once? 
. Still, this whole situation is just a reminder how global business can be so complicated 
so like, china launches probe on their products sold in the country, citing potential security risks... and micron shares tanked 4.4% 
like they're some kinda bad guy just 'cause they do business in China. It's all about China trying to exert control over everyone else now... I mean, come on, we need more trade and innovation between nations, not less 
. And what really gets me is how US allies are joining in on the beatdown 
. The whole thing just feels like this giant web of international tensions and trade wars that are making it super hard for companies to navigate the global market.