China’s cybersecurity regulator has banned Chinese companies from purchasing chips from US memory maker Micron Technology. China’s Cyberspace Administration (CAC) said on Sunday that the company’s products pose “significant security risks” to critical Chinese IT infrastructure, including state-owned banks and telecom operators, Reuters reported.Banned from China to Micron
The decision was actually expected, as China announced that it would carry out an import control specific to Micron at the end of March. As a result, Micron’s ban was seen as a retaliation against US sanctions.For Micron, the largest memory manufacturer in the US, the Chinese market accounts for about 10 percent of the company’s annual revenue. However, there are many companies that buy Micron’s products and import them to China. In this context, according to what has been conveyed, the ban decision is only valid for Chinese companies. In other words, foreign companies producing in China are not expected to be affected by the ban. Chinese companies are expected to meet their memory needs through South Korean SK Hynix.
“We are evaluating the outcome and our next steps. We look forward to continuing discussions with Chinese officials,” Micron said in a statement. expressions were used. Meanwhile, CAC did not share details on which Micron products would be affected by the ban and what security concerns the company has with its chips.
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