business

Stocks dip at US microchip manufacturer after China claims security risk

Beijing warned operators of key infrastructure against buying the company’s goods, saying it found “relatively serious” cybersecurity risks in Micron products sold in the country

A senior Biden administration official said the US was communicating directly with Chinese authorities and trying to get a better understanding of what, exactly, the Micron decision entails. Picture: Getty

US chipmaker Micron’s stock declined after China’s cyberspace regulator said that its products failed to pass a cybersecurity review, a move that jeopardised the company’s sales in a crucial market.

Beijing warned operators of key infrastructure against buying the company’s goods, saying it found “relatively serious” cybersecurity risks in Micron products sold in the country. The components caused “significant security risks to our critical information infrastructure supply chain,” which would affect national security, according to ...