China Bans Micron Chips in Key Infrastructure Over Security Concerns

China has banned Chinese companies from purchasing products from Micron Technology, a US-based manufacturer of memory chips, citing "relatively serious cybersecurity problems." Many analysts view the move as retaliation for Washington's efforts to cut off China's access to high-end chips. The decision could have a ripple effect through China's supply chains as Micron's Chinese customers seek to replace the US memory chips with homegrown or Korean versions. South Korean chip makers like Samsung and SK Hynix are Micron's competitors and already do significant business with China.