Stocks dip at US microchip manufacturer after China claims security risk

📆 23/05/2023 11:53 ص
📰 businessposthq

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Beijing warned operators of key infrastructure against buying the company’s goods, saying it found “relatively serious” cybersecurity risks in Micron products sold in the country

US chipmaker Micron’s stock declined after China’s cyberspace regulator said that its products failed to pass a cybersecurity review, a move that jeopardised the company’s sales in a crucial market.

. The components caused “significant security risks to our critical information infrastructure supply chain,” which would affect national security, according to ...

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China bans some sales of chips from US company MicronMany analysts viewed the move as retaliation for Washington’s efforts to cut off China’s access to high-end chips via IrishTimesBiz
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