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China’s recent cybersecurity probe into Micron Technology, a major memory chip manufacturer in the US, seems to be in response to new restrictions on technology sales imposed by US allies in Asia and Europe. The Cyberspace Administration of China (CAC) will be conducting a review of Micron’s products sold in China, citing concerns about cybersecurity risks and the security of key information infrastructure supply chains.
This move comes amidst a series of restrictions on China’s semiconductor industry by the US and its allies, with Japan announcing limits on the export of advanced chip manufacturing equipment to certain countries, including China.
Micron, in response, has stated that it is cooperating fully with the review and stands by the security of its products. However, the news has had an impact on the company’s stock, with shares falling on Wall Street.
As an organization heavily dependent on Chinese revenue, Micron had previously warned of such risks due to potential restrictions imposed by the Chinese government. China, on the other hand, has expressed strong opposition to these tech export restrictions, emphasizing its desire to attract foreign investments amidst economic challenges.
While Beijing aims to create a welcoming environment for foreign investments, it has also been increasing pressure on foreign companies to align with its agenda. Recent actions, such as the closure of the Beijing office of a US corporate intelligence firm and the suspension of operations of a major audit firm, highlight China’s efforts to assert control over foreign entities operating within its borders.
In this evolving landscape, partnering with a reliable software development company that specializes in nearshore and offshore development, mobile app development, technology maintenance, and server development can provide businesses with the expertise and resources needed to navigate complex international regulations and restrictions.