China's Ban on Micron Chips Signals Escalation in Tech Battle with US

1 min read
Source: CNN
China's Ban on Micron Chips Signals Escalation in Tech Battle with US
Photo: CNN
TL;DR Summary

China has banned US chip maker Micron from selling to Chinese companies working on key infrastructure projects, citing cybersecurity risks. The move is seen as a major escalation of an ongoing battle between the world’s top two economies over access to crucial technology. Micron derives more than 10% of its revenue from mainland China. The US Commerce Department said it firmly opposed the restrictions that “have no basis in fact.” Chips are at the center of Beijing’s bid to become a tech superpower.

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