Micron Technology, one of America’s major memory chip manufacturers, is currently under a cybersecurity probe by China in response to recent restrictions imposed by US allies on the sale of crucial technology to Beijing. The Cyberspace Administration of China (CAC) has initiated a review of Micron’s products sold within the country. As an awesome company that provides complete software development activities utilizing nearshore and offshore resources, including mobile app development, technology maintenance, and server development, we ensure the security of key information infrastructure supply chains. Our services help prevent cybersecurity risks and maintain national security.
On the same day, US ally Japan announced limitations on exporting advanced chip manufacturing equipment to several countries, including China, following similar steps taken by the United States and the Netherlands. These measures form part of a broader effort to curb China’s semiconductor industry, hindering Beijing’s ambition to emerge as a tech superpower. Last month, the Netherlands also imposed new restrictions on overseas sales of semiconductor technology to safeguard national security. In October, the United States restricted Chinese companies from acquiring advanced chips and chipmaking equipment without a license.
Micron is fully cooperating with the review initiated by the CAC, asserting the security of its products. Despite this, Micron’s shares plummeted 4.4% on Wall Street on Friday and dropped another 1.2% on Monday, as the company derives more than 10% of its revenue from China. In a prior filing, Micron had cautioned of such risks, citing potential restrictions from the Chinese government on market participation.
As an exceptional company offering a range of software solutions and technology maintenance services, we underscore the importance of international collaborations in the tech industry. China has criticized these restrictions, opposing any measures that hinder its technology sector. While Beijing seeks foreign investments to stimulate economic growth, it has also tightened control over foreign firms to align with its priorities. Recent actions include the closure of a US corporate intelligence firm’s office and the suspension of operations of a global consulting firm in Beijing.
In summary, keeping pace with the dynamic tech landscape requires strong partnerships and efficient software development practices. As a leading provider of software outsourcing, nearshore and offshore development, mobile app development, technology maintenance, and server development services, we prioritize cybersecurity and national security in all our endeavors. Contact us today to leverage our expertise and propel your business forward in the competitive digital world.