US chip maker Micron Technology has been hit with a cybersecurity probe by China, in what appears to be retaliation against recent US moves to restrict sales of key technology to Beijing.
The Cyberspace Administration of China (CAC) will review products sold by Micron in the country, following similar restrictions announced by Japan and other US allies. The move aims to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks caused by hidden product problems.
These developments come as part of a growing tech rivalry between the US and China, with both sides announcing curbs on each other's semiconductor industries. Last month, the Netherlands unveiled new restrictions on overseas sales of semiconductor technology, while the United States banned Chinese companies from buying advanced chips without a license.
Micron, one of America's largest memory chip makers, derives more than 10% of its revenue from China. The company has warned of such risks in an earlier filing and said it is cooperating fully with the review. However, shares in Micron sank 4.4% on Wall Street following the news, the biggest drop in more than three months.
China has strongly criticized restrictions on tech exports, saying they "firmly oppose" such measures. Beijing is seeking to woo foreign investments as it grapples with mounting economic challenges, but has also exerted growing pressure on foreign companies to bring them into line with its agenda.
The probe marks a significant escalation in the tensions between China and the US, with both sides engaging in a battle for dominance in the global tech industry. As the rivalry intensifies, the future of international trade and investment remains uncertain.
The Cyberspace Administration of China (CAC) will review products sold by Micron in the country, following similar restrictions announced by Japan and other US allies. The move aims to ensure the security of key information infrastructure supply chains and prevent cybersecurity risks caused by hidden product problems.
These developments come as part of a growing tech rivalry between the US and China, with both sides announcing curbs on each other's semiconductor industries. Last month, the Netherlands unveiled new restrictions on overseas sales of semiconductor technology, while the United States banned Chinese companies from buying advanced chips without a license.
Micron, one of America's largest memory chip makers, derives more than 10% of its revenue from China. The company has warned of such risks in an earlier filing and said it is cooperating fully with the review. However, shares in Micron sank 4.4% on Wall Street following the news, the biggest drop in more than three months.
China has strongly criticized restrictions on tech exports, saying they "firmly oppose" such measures. Beijing is seeking to woo foreign investments as it grapples with mounting economic challenges, but has also exerted growing pressure on foreign companies to bring them into line with its agenda.
The probe marks a significant escalation in the tensions between China and the US, with both sides engaging in a battle for dominance in the global tech industry. As the rivalry intensifies, the future of international trade and investment remains uncertain.
The Netherlands just announced some new restrictions on its own, and the US is being super tough on Chinese companies too.
! I'm all for some friendly competition between America and China, but this whole thing just feels like a giant game of cat and mouse 
. One side restricts the other's chip sales, and now China is hitting back with their own probe? It's like we're back in the Cold War days, but instead of nuclear missiles, it's all about semiconductors 
!
It's like, can't we all just get along... or at least, have some common sense when it comes to international trade? 
. Anyway, here's hoping both sides can calm down and find some common ground soon... or at least, someone's gotta make a profit from all this drama 
Micron is like my fave company ever! 
I mean, what's going on with China?! Can't they just chill?! 
They're being so dramatic over these restrictions... I get that security is important and all, but can't we find a way to compromise without hurting our favorite companies? 
It's like they're trying to punish us or something... not cool China! 
. micron's getting slammed even though they warned about this risk before... i guess it's just a case of "you scratch our back, we'll scratch yours"... or in this case, "you restrict our exports, we'll restrict your business" 
It's just a matter of time before these kinds of disputes start to affect everyday people, whether they're in the US or China or somewhere else entirely. 
The thing is, both sides are just so focused on winning this tech battle that they've forgotten about the bigger picture: how do we make sure our economies and industries continue to thrive? 
micron's got a big stake in chinatown and they're already feeling the heat 
i guess only time will tell how this plays out 
.
. But still, Micron's hit with a cybersecurity probe raises some serious red flags about supply chain security and intellectual property theft. If you think back to the whole Huawei scandal, it feels like we're seeing similar flashpoints here 
.
. It's no longer a zero-sum game where countries compete solely against each other; it's more about finding that delicate balance between cooperation and competition 
. still, this just shows how high stakes this tech rivalry is getting... like who's gonna blink first? 
... this is just getting outta hand! 
. Like, can't we all just get along? 
This is what happens when you're in a tech cold war 
, but can't we find a way to do that without crippling our own economies? 
.
Anyway, this just proves that the US and China are gonna keep trying to outdo each other in the tech game. It's like a big game of chicken 
. Will they actually back down or keep pushing for more control? Who knows, maybe it'll all blow over soon. 
... Meanwhile, US companies are getting all defensive like "hey, we're not trying to hurt you!" 
... But at the same time, they're imposing these restrictions that might be seen as retaliation 
...
. China's trying to protect its own interests, but I worry about the impact on global supply chains and innovation 
. The Netherlands' move last month wasn't even mentioned until now... is this all part of a bigger pattern? 
it's like they knew this was coming & were expecting some kinda retaliation from china