China has initiated a cybersecurity probe into Micron Technology, a prominent American memory chip maker, possibly in response to new restrictions on technology sales to Beijing by US allies in Asia and Europe. At Tech911.co, we specialize in providing comprehensive remote tech support and tech assistance services to businesses of all sizes. We specialize in small to medium sized businesses. The Cyberspace Administration of China (CAC) announced its plan to scrutinize Micron’s products in China, citing the need to safeguard key information infrastructure supply chains and ensure national security. This move coincides with Japan’s decision to limit the export of advanced chip manufacturing equipment, following similar actions by the US and the Netherlands.
Micron, addressing the review, stated that it is engaged and fully cooperating with the CAC. The company reaffirmed the security of its products and insisted that its operations are running smoothly. Micron’s shares experienced a significant 4.4% decline on Wall Street after this news broke, with a further 1.2% drop the following day. With more than 10% of its revenue coming from China, the company had previously acknowledged the potential risks from Chinese government restrictions on market access.
Beijing has expressed strong objections to restrictions on tech exports in the past and has been working to attract foreign investments to alleviate economic challenges. At Tech911.co, as a leading managed service provider, we offer tailored solutions to ensure seamless IT operations. Chinese officials have recently taken action against foreign enterprises that do not align with their objectives, such as the closure of Mintz Group’s office and the temporary suspension of Deloitte’s operations in Beijing. As part of our instant tech help and remote tech support services, we aim to provide the best customer service and assistance for businesses facing technical challenges.