China slaps restrictions on US company over 'national security' risks as chip war escalates

📆 2023/05/22 06:00:00
📰 FoxBusiness

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Chinese government's move comes as U.S., Japan, Europe restricted exports of advanced chips to China

announced new restrictions Sunday on a major U.S. chipmaker, citing national security concerns as the global competition over advanced semiconductors escalates.

Micron Technology was targeted by the Chinese government with new restrictions on sales to China-based firms involved with"critical infrastructure." Chinese law defines "critical infrastructure" broadly, so it may apply to companies in a wide range of economic sectors that range from communications and financial services to transportation systems.

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