China cybersecurity office announces ‘review’ of Micron products
China’s Office of Cybersecurity Review on Friday announced plans to examine products that the Boise-based computer memory chip maker sells in China.
BOISE, Idaho — China’s Cyber Security Review Office announced Friday that it will implement a review of products that Micron Technology sells in China.
Micron, based in Boise, is the world’s fourth-largest semiconductor company and the leading U.S. manufacturer of computer memory. The People’s Republic of China accounted for 11% of Micron’s annual sales in 2022, according to a report in The Wall Street Journal. The company also has facilities in China as well as more than a dozen other countries around the world.
The Cyberspace Administration of China’s announcement states the office is initiating the review “in order to ensure the security of the key information infrastructure supply chain, prevent network security risks caused by hidden product problems, and maintain national security,” in accordance with China’s national security and network security laws.
In response to KTVB’s request for comment, a Micron spokesperson said the company is aware of the Cyberspace Administration of China’s announced plans to conduct the cybersecurity review.
“We are in communication with the CAC and are cooperating fully,” the statement continued. “Micron is committed to conducting all business with uncompromising integrity, and we stand by the security of our products and our commitments to customers.”
At the end of regular trading on Friday, Micron’s stock price had dropped by 4.36% for the day as news of China’s cybersecurity review announcement spread.
The announcement comes at a time of growing tensions between the U.S. and China in the geopolitical and business arenas, and at a challenging time for Micron and for the semiconductor industry in general.
“In particular, we face the threat of increasing competition…
