US Chip Maker Micron Faces Cybersecurity Probe From China Amid Escalating Tech Tensions
A cybersecurity probe launched by China's Cyberspace Administration into US memory chip maker Micron Technology has sparked concerns over the escalating tensions between Washington and Beijing in the semiconductor industry.
The probe, which was announced on Friday, aims to review products sold by Micron in China, with the administration citing a need to ensure the security of key information infrastructure supply chains. The move appears to be a retaliation against new restrictions imposed by US allies in Asia and Europe, including Japan, which has restricted the export of advanced chip manufacturing equipment to countries including China.
The US has banned Chinese companies from buying advanced chips and chipmaking equipment without a license, while the Netherlands has also unveiled new restrictions on overseas sales of semiconductor technology. These measures are part of Washington's efforts to curb Beijing's growing influence in the global semiconductor industry and limit its ability to develop advanced technologies that could be used for military purposes.
Micron has warned of such risks in an earlier filing, stating that the Chinese government may restrict it from participating in the China market or prevent it from competing effectively with Chinese companies. The company has also expressed concerns over Beijing's growing pressure on foreign companies to bring them into line with its agenda.
The escalating tensions between Washington and Beijing have significant implications for the global semiconductor industry, which is critical to many countries' economic growth and security. As Beijing seeks to woo foreign investments and boost growth and job creation, it must navigate a complex web of regulatory pressures and competing interests in the industry.
Shares in Micron sank 4.4% on Wall Street following the news, marking the biggest drop in more than three months. The company derives over 10% of its revenue from China, making it a crucial target for Beijing's efforts to restrict US influence in the region.
The probe into Micron Technology highlights the growing tensions between Washington and Beijing in the semiconductor industry, as both sides seek to assert their influence and protect their interests.
A cybersecurity probe launched by China's Cyberspace Administration into US memory chip maker Micron Technology has sparked concerns over the escalating tensions between Washington and Beijing in the semiconductor industry.
The probe, which was announced on Friday, aims to review products sold by Micron in China, with the administration citing a need to ensure the security of key information infrastructure supply chains. The move appears to be a retaliation against new restrictions imposed by US allies in Asia and Europe, including Japan, which has restricted the export of advanced chip manufacturing equipment to countries including China.
The US has banned Chinese companies from buying advanced chips and chipmaking equipment without a license, while the Netherlands has also unveiled new restrictions on overseas sales of semiconductor technology. These measures are part of Washington's efforts to curb Beijing's growing influence in the global semiconductor industry and limit its ability to develop advanced technologies that could be used for military purposes.
Micron has warned of such risks in an earlier filing, stating that the Chinese government may restrict it from participating in the China market or prevent it from competing effectively with Chinese companies. The company has also expressed concerns over Beijing's growing pressure on foreign companies to bring them into line with its agenda.
The escalating tensions between Washington and Beijing have significant implications for the global semiconductor industry, which is critical to many countries' economic growth and security. As Beijing seeks to woo foreign investments and boost growth and job creation, it must navigate a complex web of regulatory pressures and competing interests in the industry.
Shares in Micron sank 4.4% on Wall Street following the news, marking the biggest drop in more than three months. The company derives over 10% of its revenue from China, making it a crucial target for Beijing's efforts to restrict US influence in the region.
The probe into Micron Technology highlights the growing tensions between Washington and Beijing in the semiconductor industry, as both sides seek to assert their influence and protect their interests.
... china launching a cyber probe on micron tech is like, totally unacceptable 
... i feel for micron employees who are gonna be affected by this 
... can't believe the us gov is taking this kind of stance on their own companies 
... it's like, let's talk about china's actions instead of targeting ours 
... and what's up with japan getting involved too? 
... i just hope we can resolve these tensions peacefully and focus on creating more chips for everyone 
... gotta take a deep breath and stay positive 
... but seriously though, it's like a big game of tech chess 
, both countries are just trying to outmaneuver each other. Micron's got some valid concerns about being restricted in the China market, but it's also got a major revenue stream going on over there 
. I'm not sure which side is winning this round, but it's definitely gonna be interesting to see how things play out 
these tensions are getting outta hand, i mean we all know the us is just trying to protect its interests but come on, retaliating with a chinese probe? that's just gonna escalate things and hurt everyone in the end 
i'm all for wot usa wants but can't we just talk about this like civilized ppl? 
. so now china's like "hey usa, you can't buy our chip stuff without a permit" 
. but meanwhile, usa's all like "oh no, china's gonna steal our secrets" 
. anyway, micron's losing 4.4% of its shares, that's just sad news for the company... and for anyone who invested in them 
.
Just saw that Micron's shares took a huge hit 
it just goes to show how sensitive the whole semiconductor industry is right now, like, every country's got a stake in it and they're all playin hard to get 
what do u think will happen next? 
I'm surprised they're going after Micron like this... it feels like a bigger issue than just one company 
. And what does this mean for US allies in Asia who are already feeling the pinch from new restrictions? 
. Those new restrictions imposed by US allies and the Dutch just seem like an excuse to stifle competition and limit growth. What's really going on here is that both sides are trying to maintain their grip on the global semiconductor market 
I'm a bit worried about Micron getting caught up in this middle eastern conflict... like who knows what China's going to do next? 
. Can't help but think about all the good tech that could be developed if countries just worked together instead of trying to one-up each other