(Tiper Stock Exchange) – China has banned the leading US chip maker, Micron Technologyexcluding it from major infrastructure projects in the country because it believes its products represent a “serious risk to network security”.
Huge damage to the big US semiconductor, which makes about 25% of its annual revenues between China and Hong Kong. The ban follows the measure taken by the Chinese authorities in March, when Micron was placed under observation to protect the supply chain and national security.
It’s about the first step that China takes against an American manufacturer in what can be defined as the “chip war”and follows the guidelines set by the US Department of Commerce last fallwith the introduction of a set of rules for companies that trade semiconductors and chip manufacturing equipment to Chinese companies.
The call was announced on Sunday by theCyberspace Regulatory Authority or CAC, according to which “the review found that Micron’s products pose serious network security risks, which pose significant risks to the supply chain security of China’s critical information infrastructure, affecting China’s national security.” But the Chinese regulator did not provide details about the specific risks it said it found or in which products Micron found them.
A measure that produces a new escalation of tensions between Beijing and Washington, in spite of the signs of a thaw from the Hiroshima G7 on the US side.
The US President Joe Bidenat the final press conference of the summit, said in fact to expect “a very short thaw with China” and stated that there is no change of attitude on the Taiwan issue and its independence and on the “One China policy”. “We ask all parties to resolve the issues by peaceful means”, added the President, also referring to the Russian question.