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Micron’s Operations Unaffected By China’s Regulatory Probe: Report

China’s cybersecurity review of Micron Technology, Inc (NASDAQ:MU) reportedly is not affecting its ability to deliver products. Micron’s product shipments, engineering,…
byAnusuya Lahiri
April 4, 2023
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  • China’s cybersecurity review of Micron Technology, Inc (NASDAQ:MU) reportedly is not affecting its ability to deliver products.
  • Micron’s product shipments, engineering, manufacturing, sales, and other functions are operating as usual, Bloomberg reports citing the company’s statement.
  • China’s probe on the chipmaker fueled tensions between China and the U.S. triggered by the Western counterpart’s cutting-edge technology-related embargo on the Asian country.
  • Also Read: U.S. Chips Act Mandates Contenders To Share Excess Profits With Country, Refrain From Buybacks And China
  • China also filed a complaint with the World Trade Organization, arguing that the U.S. is undermining trade rules. 
  • On March 31, China launched a cybersecurity review of Micron’s export products to ensure the security of its information infrastructure supply chain, prevent network security risks and maintain national security.
  • Price Action: MU shares closed lower by 1.21% at $59.61 on Monday.
 
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