Micron Stock Drops 5% in Premarket Trading
Tiger Newspress2023-05-22
China’s cybersecurity watchdog said on Sunday US chipmaker Micron had failed a national security probe and told “operators of critical information infrastructure” to stop purchasing its products.
Shares of Micron drops % in premarket trading.
Micron’s products “have relatively serious potential network security issues, which pose a major security risk to China’s critical information infrastructure supply chain and affect China’s national security”, the cybersecurity administration said in a statement.
“Operators of critical information infrastructure in China should stop purchasing Micron products.”
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