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China imposes $30 billion sanctions on US chipmaker Micron

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China has restricted imports of American Micron chips, considering them a threat to national security. Authorities have banned critical infrastructure operators from buying American products, China’s State Chancellery for Internet Information said.

Under the Network Security Law and other laws and regulations, critical information infrastructure operators in China must stop purchasing Micron products

– said in a statement.

China is one of the most important sales markets for the American company. Last year alone, China and Hong Kong accounted for 25% of Micron’s $30.8 billion in revenue.

At the beginning of April, the Chinese authorities began to control the products of the American company. The purpose of the audit is to “maintain national security, ensure the security of its information infrastructure, and prevent risks caused by product issues.”

Micron has already received a notification from the Chinese authorities. The company has already commented on the decision, announcing that it “looks forward to discussions” with the Chinese side.

As the Financial Times noted, Beijing’s actions followed after Washington limited China’s access to key Western technologies. And in this regard, Micron has become an obvious target for China, since its chips can be easily replaced by products from South Korean competitors – Samsung and SK Hynix.

Meanwhile, the United States has already asked Seoul to urge its chipmakers not to sell chips to China if Micron products are banned.

Read the Latest Government Politics News on The Eastern Herald.

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