China bans US-based Micron Technology’s products, citing cybersecurity risks, impacting 11% of Micron’s revenue.
China has banned the sale of products made by US-based memory chip company Micron Technology, citing severe cybersecurity risks and consequent national security concerns. This move is perceived as a retaliation against the tightened export restrictions on chips imposed by Washington. This ban, effective immediately, pertains to sales to China’s critical information infrastructure operators, essentially severing a market that represented roughly 11% of Micron’s total revenue in 2022, amounting to US$30.8 billion. Here are the details…China Escalates Tech War with US by Banning Micron Chips
The Cyber Security Review Office, a part of the Cyberspace Administration of China, declared that Micron failed to pass its cybersecurity review, resulting in this ban. The specifics of the review process, the products involved, and the identified security risks, however, were not disclosed. Notably, this decision comes 50 days after the initiation of the probe into Micron’s products on national security grounds.
