Stepping up a conflict with Washington over science and security, China’s authorities told buyers of sensitive computer hardware on Sunday to halt purchasing items from Micron Technology Inc., the world’s largest memory chipmaker.
China’s cybersecurity authority has prohibited Chinese enterprises from purchasing chips from Micron Technology, a memory company based in the United States. According to Reuters, the Cyberspace Administration of China (CAC) determined Sunday that the company’s goods pose “significant security risks” to important Chinese digital infrastructure, such as state-owned banks and telecom providers. The restriction comes after China launched a probe of Micron imports in late March, which was seen at the time as retribution for penalties placed on Chinese chipmakers by Washington in previous years.
The ban is the contemporary go of an ongoing dispute between the United States and China over semiconductor technology. The Biden administration has taken steps in recent months to restrict its rival’s get entry to progressive chipmaking equipment. In January, authorities from the United States, the Netherlands, and Japan agreed to support export policies on lithography machines manufactured via ASL, Nikon, and Tokyo Electron. According to The Wall Street Journal, China has been searching for techniques to retaliate against the United States. Micron used to be an effortless goal due to the fact most Chinese organizations can count on suppliers such as South Korea’s SK Hynix to make up for any scarcity induced by way of a ban.
At a time when President Xi Jinping’s administration has threatened to invade Taiwan and is becoming more belligerent toward Japan and other neighbors, the United States, Europe, and Japan are restricting China’s access to cutting-edge chip manufacturing and other technologies.
Micron Short (Sell)
Enter At: 66.03
T.P_1: 59.86
T.P_2: 53.68
T.P_3: 48.31
T.P_4: 42.52
S.L: 71.60
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