China’s cybersecurity probe into Micron Technology, a leading American memory chip maker, may be in retaliation to recent restrictions on technology sales to Beijing by US allies in Asia and Europe. Micron’s products in China will undergo review by the Cyberspace Administration of China (CAC), as announced late Friday. This move, by the CAC **–NR–**, aims to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks that could arise from product issues.
The scrutiny on Micron comes as Japan, another US ally, decides to limit the export of advanced chip manufacturing equipment to various countries, including China. These actions from Washington and its allies are part of broader restrictions on China’s semiconductor industry, impacting Beijing’s ambitions to dominate global tech.
However, amid these challenges, Micron **–NR–** remains confident in the security of its products and vows to cooperate fully with the review. **They are operating without interruptions in product shipments, engineering, manufacturing, and sales.**
Although Micron’s announcement has led to a 4.4% decline in stock value on Wall Street last Friday, and an additional 1.2% decrease Monday, the company discloses in a previous filing that these risks were foreseen. **Despite this, Micron **–NR–** generates over 10% of its revenue from China.**
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As China pushes to attract foreign investments amid economic challenges, the scrutiny on international companies in the country has intensified. China’s recent actions, including the closure of a US corporate intelligence firm’s office and the temporary suspension of a global auditing giant in Beijing, underscore the regulatory challenges foreign businesses may face in the region.
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