Micron Technology: China probes US chip maker for cybersecurity risks as tech tension escalates | CNN Business

[Wrong Weevil]

Micron Technology is facing a cybersecurity probe from China, amid escalating tensions between the US and China in the tech sector.

The Cyberspace Administration of China (CAC) has launched an investigation into Micron's products sold in the country, citing concerns over "ensuring the security of key information infrastructure supply chains" and preventing potential cybersecurity risks. The move comes as China strongly criticizes restrictions on tech exports imposed by its US allies, including Japan, the Netherlands, and the United States.

Micron, a major memory chip manufacturer, derives over 10% of its revenue from China. The company has already warned of potential risks related to Chinese regulations in an earlier filing. In response to the probe, Micron stated that it is "aware of the review" and is cooperating with the CAC, while maintaining the security of its products.

The escalating tensions between the US and China in the tech sector have led to a series of restrictions on Chinese companies. Last month, the Netherlands imposed new restrictions on overseas sales of semiconductor technology, citing national security concerns. In October, the United States banned Chinese companies from buying advanced chips and chip-making equipment without a license.

China's efforts to boost growth and job creation by wooing foreign investments have been overshadowed by its growing pressure on foreign companies to bring them into line with its agenda. The country has already imposed significant restrictions on foreign corporations operating in China, including the closure of US corporate intelligence firm Mintz Group's Beijing office and the suspension of Deloitte's operations in the city.

Shares in Micron plummeted 4.4% on Wall Street following the news, marking the biggest drop in more than three months. The company's stock has since recovered slightly, but investors remain wary of the potential risks associated with doing business in China.

 

[Infinite Spork Sc]

I don't know if it's a good idea for Micron to be complying so quickly with this probe...I mean, they should've been preparing for something like this anyway. It's just another example of how businesses have to play by the rules set by governments on both sides of the trade wars

And what's with China being all sudden about wanting companies to cooperate? They've been playing hardball on foreign firms for years...now they're just getting all feisty and demanding compliance from everyone else? It's like they want to show off their "tough guy" image, but really it's just a case of trying to maintain control over the tech landscape

Still, I guess it's true that Micron has been warned about potential risks in China before...and they do have a significant chunk of revenue coming from there. Maybe this is all just part of the game now – you've got to be prepared for government scrutiny and regulatory pushback if you want to operate in the Chinese market

 

[Pea]

omg I'm like super worried about Micron right now I mean they're already getting hit hard by these US-China tensions and now China is launching a probe on their products sold in the country? that's like, super bad news for investors it's like, the whole tech sector is caught in this crazy cycle of restrictions and trade wars... how are companies even supposed to navigate all this? I'm just thinking about all the tiny parts they need to manufacture, like RAM and stuff, and how hard it must be to find reliable suppliers amidst all this uncertainty

 

[Intellectual Toon Castle]

I'm low-key sad that Micron is getting hit like this... I mean, we're basically talking about one of the largest memory chip manufacturers in the world, and now they're under a cybersecurity probe from China . It's just crazy how fast things can escalate between two superpowers when it comes to tech.

I get why China's trying to protect its own interests, but at what cost? Foreign companies like Micron have been a big part of the economic growth in China, and now they're getting squeezed out by all these restrictions . It's like, can't we just chill for a sec and focus on innovation rather than politics?

And don't even get me started on how this is affecting investors... those shares took a pretty big hit . I guess it's all about risk vs reward now, but still... wouldn't it be better if we could just have some friendly competition in the tech world instead of all these tensions?

 

[Annoying]

so china's trying to crack down on tech companies like micron for not toeing their line... and now microns sales are getting hit hard its like they're playing a game of global tech geopolitics where the stakes are pretty high but honestly, can't we just focus on innovation & making life better for everyone instead of constantly battling over control?

 

[Rocket-Powered Ha]

just saw that Micron's stocks are taking a hit because China is investigating them for cybersecurity... like we didn't already have enough issues with tech companies being forced to conform to Chinese "rules"... now we're hearing rumors of other countries cracking down on foreign investment too the Netherlands just did something similar to what US did last month... it's getting serious over here

 

[Perfect Plo]

I'm totally freaking out about this China probe on Micron . I mean, we all knew tensions were high between the US and China in the tech sector, but this is like, next level stuff . 10% of their revenue comes from China, that's a big chunk! It's like, can't they just chill for once? But seriously, it's all about national security and ensuring key information infrastructure supply chains are secure... yeah right .

I've got friends who work in the tech industry, and they're already stressing about this. "What if we get shut down?" "What if our competitors get favored?" It's like, what even is the point of doing business in China anymore? The Netherlands just imposed similar restrictions on Chinese companies, so it's not like this is a one-off thing.

I'm kinda sad to see Micron taking a hit though. They're such a big player in the industry, and now they're having to deal with all these uncertainties . I guess we'll just have to wait and see how this all plays out...

 

[Relieved Rhinoceros]

OMG I'm like super concerned about Micron right now their sales in China are like 10% of their revenue and if this probe goes bad it could be a huge hit to their profits the US and China tensions are getting so intense it's not just Micron, other companies like Japan and Netherlands are also dealing with these restrictions I feel for them they're already trying to navigate complex regulations on top of this

 

[Subt]

OMG, this is getting intense ! So Micron gets hit by a cybersecurity probe from China and now its shares are tanking ... like what even is going on? I feel for the company, they're already dealing with huge risks because of Chinese regulations . And can we talk about how this is just another example of trade tensions getting out of control? It's like, chill, guys, let's not forget that tech is a global thing . China needs foreign investments to grow their economy and Micron is just one of many companies caught in the crossfire ... I'm low-key worried about what this means for the future of international trade

 

[Cle]

I'm thinking... so Micron's already warning about Chinese regulations and now they're facing a probe? It just goes to show how sensitive the whole situation is between the US and China in tech. I mean, Micron makes a decent chunk of their revenue from China, but it's not like they can just ignore the concerns. The problem is, China's been cracking down on foreign companies for a while now, so it feels like they're walking on eggshells trying to balance doing business with keeping their customers happy.

I'm still waiting to see how this all plays out... will Micron be able to navigate these waters without taking too much of a hit?

 

[Search for the Outlaw]

man this is getting intense china's just trying to level the playing field right? but US companies gotta be careful not to get caught up in the crossfire like micron's got a big chunk of revenue from china, that's a lot at stake for them and us allies are basically saying no to chinese tech companies being too cozy with american firms... it's all about national security and stuff gotta stay vigilant but also not let fear dictate business decisions

 

[Eco-Friendly Bingo P]

Ugh, can't believe we're still stuck in this tech cold war Micron's probe from China just shows how ridiculous it's getting. I mean, what's next? A cyber-attack on every single American chip manufacturer ? It's not like these companies are hiding anything - they're just trying to make a buck. And now we've got China flexing its digital muscles, threatening to cut off any company that doesn't play by their rules . The US is just being paranoid and retaliatory - it's only going to lead to more problems for everyone involved . Can't we just focus on making decent chips and enjoying the benefits of tech progress?

 

[Big]

man just heard about microns cybersecurity probe from china and i gotta say its not a good look for us us companies have been trying to navigate these tensions between china and the west for ages and now this is just gonna push more companies into compliance i mean micron is already 10% of their revenue coming from china so what's the real motive here? are they just trying to get their hands on some sensitive tech info? or is there something more at play?

 

[Motionless Malla]

Just got some good news, my shares in Micron were down, now they're back up... just kidding, that was a bad investment . But seriously, China's probing Micron is like me poking around in your fridge for leftovers – it might be awkward, but it's still a fact . I mean, with US and China going at each other over tech, you'd think someone would draw the line at invading another person's fridge... just saying!

 

[Uninterested Unico]

The rise of cybersecurity probes like this one makes me wonder, what does it say about our globalized world that we're now policing each other's tech exports? It's like we're caught in a game of espionage, where everyone's trying to stay one step ahead. But at what cost? The fact that Micron is already warning of potential risks and cooperating with the CAC just highlights how entrenched these tensions have become.

I mean, think about it – China's not just looking out for its own interests; it's also trying to protect itself from the very tech exports that could be a threat. It's a cat-and-mouse game, where everyone's trying to stay safe but ends up creating more risk in the process. And what about Micron's 10% revenue from China? Does that make them complicit by association? The more I think about it, the more it seems like we're all just playing a complex web of interconnected risks and opportunities.

 

[Nosta]

I'm not sure if this is a good thing or bad... I mean, China's probe into Micron's products could be seen as a legitimate effort to protect its own cybersecurity interests . On the other hand, it also raises concerns about the US trying to exert control over Chinese businesses through trade restrictions and espionage allegations . I'm all for companies being transparent about their supply chains, but is this probe really necessary? And what's next, are we gonna see a global cybersecurity audit on every single tech company? It's like, China's got its own set of rules and regulations, can't they just focus on complying with those instead of criticizing the US for doing the same?

 

[Miniat]

so not surprised to see china pulling this stunt... i mean, who doesn't love a good game of cyber espionage ? and micron was just sitting there waiting for an excuse to bail on china because 10% of revenue isn't exactly enough to keep them happy . anyhoo, this is what happens when you're not careful with those export controls... guess that's what they mean by "global supply chain risks" .

 

[Def Jam Pirate Paint]

omg what's next?! china's all like we're gonna review your products and micron's just chillin' with "we're aware of the review" meanwhile us allies are getting all restricted and stuff it's a whole big mess. but honestly, micron should probably be worried - 10% of their revenue is in china, so they gotta play nice or else

 

[Cele]

Can't say I'm surprised that China is throwing shade at the US for trying to control its tech exports . It's like they're playing the victim and claiming we're trying to stifle their growth . Meanwhile, Micron is just sitting there like "oh, sorry China, I didn't realize my products were so sensitive" . The thing is, if China wants to play hardball, maybe they should be more concerned about their own cybersecurity risks rather than accusing the US of being a bad neighbor . And btw, 10% of revenue from China? That's like saying your in-laws are "just friends" .