MU - China says Micron products failed its cybersecurity review

2023-05-21 10:43:34 ET

China said it found that Micron's ( NASDAQ: MU ) products have "relatively serious" potential network securities issues and warned that operators of critical information infrastructure should stop purchasing the goods.

China's Cyberspace Administration, which announced a review of memor chip maker Micron( MU ) in late March, announced its findings on in a statement on Sunday.

"The review found that Micron's products have relatively serious potential network security issues, which pose a major security risk to my country's critical information infrastructure supply chain and affect my country's national security," the Chinese regulator said in the statement.

The China regulator's comments come as tensions between Beijing and the U.S. continue to rise over the supply of semiconductors and in particular, the advancement of China's chip industry. The U.S. has been clamping down on the selling of certain semiconductor technologies to China on the grounds these products could be used for corporate or governmental espionage against the U.S.

More on Micron and China:

• Chinese probe into Micron seen as 'major concern,' US lobbying group says
• China's cybersecurity review on Micron won't really impact company, Citi says
• Micron's Troubled Waters: Financial Struggles And The China Investigation

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