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China's cyberspace regulator said on Sunday that products made by U.S. memory chip manufacturer Micron Technology had failed its network security review and that it would bar operators of key infrastructure from procuring from the firm:
The decision, announced amid a dispute over chip technology between Washington and Beijing, could include sectors ranging from transport to finance, according to China's broad definition of critical information infrastructure.
"The review found that Micron's products have serious network security risks, which pose significant security risks to China's critical information infrastructure supply chain, affecting China's national security," the Cyberspace Administration of China (CAC) said in a statement.
[...] U.S. officials, including members of a U.S. congressional select committee on competition with China, did not immediately respond to requests for comment.
Micron derives around 10% of its revenue from China, but it is not clear if the decision affects the company's sales to non-Chinese customers in the country.
Also at The Register, MarketWatch and ABC News.
Related:
- US Restrictions See China's Chip Imports Plummet 27% in First Two Months of 2023
- Netherlands Refuses to Summarily Agree to US Export Restrictions on China Over Silicon Chips
- US Chip Makers Hit by New China Export Rule
(Score: 2) by RamiK on Tuesday May 23 2023, @09:17AM (4 children)
It was pretty obvious China will ban American memory after Yangtze Memory Technologies (YMTC) and ChangXin Memory Technologies (CXMT) were banned by the US. The real problem is that China probably just shorted the hell out of Micron and walked away with a fine bounty. So, assuming they did and that the trend will continue, I can't imagine the US could just continue doing business as usual without putting up laws that limit foreign investments like China does. This will, of course, weaken the value of the dollar so... Hmm... Yeah. Really shouldn't have poked that pooh panda...
p.s. Just realized why the protagonist from Kung Fu Panda is called Po...
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(Score: 2) by takyon on Tuesday May 23 2023, @11:53AM (1 child)
Memory is cheap right now. Too cheap [soylentnews.org], according to the companies selling it.
U.S. companies will continue debasing themselves to get into the Chinese market.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by RamiK on Tuesday May 23 2023, @03:30PM
Or they'll get bailed out like Intel. Time will say.
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(Score: 1) by khallow on Tuesday May 23 2023, @12:39PM (1 child)
Only if you don't treat such market manipulation as information leakage. And there are plenty of workarounds for a foreign investment restriction. For example, having a native figurehead for your foreign investments or simply not holding onto investments for any length of time.
(Score: 2) by RamiK on Tuesday May 23 2023, @03:15PM
It's not insider's trade when people believe/know and act on what a goverment is about to do. In fact, goverment owned and/or funded companies and/or the goverment themselves can buy stocks in various markets directly. e.g. It's fairly common with pension funds to invest in various securities and such...
there are plenty of workarounds for a foreign investment restriction...
Worked great for Softbank and ARM China...
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