Cybersecurity

China Hits Micron With Review of Chips, Citing Security Risks

  • US chipmaker’s shares fall after Beijing review is announced
  • US has set strict export controls on chip technology to China
WATCH: China has opened a new front in its escalating tech battle with the US. Peter Elstrom reports.Source: Bloomberg
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Beijing opened a new front in the escalating semiconductor battle between the the US and China, launching a cybersecurity review of imports from America’s largest memory-chip maker, Micron Technology Inc.

The move risks further exacerbating tensions between the Biden administration and President Xi Jinping’s government, which have worsened in recent months over the security of Taiwan and the alleged spy balloon shot down over US territory in February.