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China has recently launched a cybersecurity probe into Micron Technology, a leading American memory chip maker. This move is seen as apparent retaliation after US allies in Asia and Europe imposed new restrictions on technology sales to Beijing.
The Cyberspace Administration of China (CAC) announced a review of Micron’s products sold in the country to ensure the security of key information infrastructure supply chains. This comes in response to restrictions on China’s semiconductor industry by the United States, Japan, and the Netherlands.
Micron expressed cooperation with the CAC, asserting the security of its products. However, shares in Micron dropped significantly on Wall Street, signaling the potential impact of the probe.
The Chinese government has expressed opposition to such export restrictions, emphasizing its efforts to promote foreign investments amidst economic challenges. While Beijing aims to attract global investments, it has also increased pressure on foreign companies to align with its agenda.
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