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Recently, China initiated a cybersecurity probe into Micron Technology, a leading American memory chip maker, in response to new restrictions imposed by US allies on technology sales to Beijing. The Cyberspace Administration of China (CAC) announced that they would review Micron’s products to ensure the security of key information infrastructure supply chains.
This move by China comes on the heels of Japan’s decision to limit the export of advanced chip manufacturing equipment to certain countries, including China. The United States and the Netherlands have also implemented restrictions on China’s semiconductor industry.
Micron has assured full cooperation with the CAC and stands by the security of its products. However, the news of the cybersecurity probe led to a 4.4% drop in Micron’s shares on Wall Street.
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