Business
China Bars Purchases of Micron Chips
China has delivered its latest salvo in its semiconductor battle with the US, barring the operators of key infrastructure from buying Micron chips after they failed a security review. John Liu reports on Bloomberg Television.
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Equity markets steadied after a brief selloff in top-performing technology names, with Micron’s earnings taking on added significance as a test for the rally in artificial intelligence stocks. Micron’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.
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@gangliezhu
December 27, 2023 at 7:27 am
china how dare you!😅
@hemanthkanaparthi
December 27, 2023 at 7:27 am
This is a economy war
@Hinduslovecowpiss
December 27, 2023 at 7:27 am
Good news 😊 China 🇨🇳💪
@ViolentCabbage-ym7ko
December 27, 2023 at 7:27 am
Love it when US is slap with sanctions. Lol
@1BIGRichard_Bulge
December 27, 2023 at 7:27 am
Biden 2024! Let's fix the mess Trump left.
@zhinan888
December 27, 2023 at 7:27 am
Do it to others what you want to do it onto yourself.
@falcatafalcata1617
December 27, 2023 at 7:27 am
This is in line with US policy and wishes! The United States originally wanted to ban countries all over the world selling chips to China.
@RTA6084
December 27, 2023 at 7:27 am
They ban Huawei, why not Micron?
@frry6700
December 27, 2023 at 7:27 am
Good job
@MANGYANSINGER
December 27, 2023 at 7:27 am
China gave US thier own dose of medicine.
@wangiesin1
December 27, 2023 at 7:27 am
Only one is banned by China, the USA is already confused, what if Apple, Nvidia, AMD, Intel are also banned. Rare minerals will be limited and prices will be increased by China, soon TSMC chip products in the USA will definitely be banned, it will be a headache for the US. China is amazing, it was banned by the Anglo Saxons plus Japan and South Korea remained strong.
@briandavid4796
December 27, 2023 at 7:27 am
Long overdue. Well done China!!!
@joneyu655
December 27, 2023 at 7:27 am
good job china
@jagdpanther2224
December 27, 2023 at 7:27 am
Without China purchasing, Micron will bankrupt. The company CEOs will hang themselves or gone crazy get a AR15 shooting people in a shopping mall !
@ashleylaurin6531
December 27, 2023 at 7:27 am
How could China sanction US?
Aren’t sanctions the Registered Trade Mark of the US?
@geraldkohar
December 27, 2023 at 7:27 am
2019
US ban Huawei because of national security risk
Huawei: we deny the claim
China: …..
Other countries: there is no evidence
US still force its allies and other countries to ban Huawei anyway
Allies: ok.. we follow US even with no evidence
2019-2023
US ban hundreds.. even thousands of Chinese companies under the same pretext
China:………..
2023
China ban micron because of national security risk
Micron : (no action, no denial, no response at all)
US: THAT IS NOT TRUE!!!! THIS IS A BULLY AGAINST A PRIVATE COMPANY!!! CHINA IS NOT TRANSPARENT!! WE MUST RETALIATE WITH FURTHER SANCTIONS!!!!!
Big question:
Why does U.S. government give the response first before Micron give any official response, if any? Isn't this is a problem more for Micron than it is for U.S. government, especially when Micron is not government owned. Very very suspicious indeed.
Btw China has only taken its first jab to US, but it looks like U.S. has taken 1000x more damage than China.
@dotagedrain7051
December 27, 2023 at 7:27 am
😂 dont cry now…
@iamtanec
December 27, 2023 at 7:27 am
US: Ban sales of high end chips to China
China: Ok. Let me help you. Bans low end chip from US
US: Picachu face
@tedchandran
December 27, 2023 at 7:27 am
Jai Hinduja. We Indian origins in the Military Quad are very happy that China self-restriction of Advanced dual purpose technology which the Chinese military will use to threaten our National security in the LAC.
@Dihorse371
December 27, 2023 at 7:27 am
How about US banning all Chinese companies "a geopolitical move rather than a national security one"?
Who did it first, arbitrarily and extensively?
@zhangyi5145
December 27, 2023 at 7:27 am
Chinese semiconductor industry cannot compete with US's industry in terms of business advantages. Before US's chip war on China, even Chinese OEMs tended to use more expensive American chips to build their products. But big THANKS to American sanctions, domestic supply chain of China can finally get the chance to breath, OEMs of China have no choice to use only domestic produced chips in their products. Once the replacement of USA's tech is completed, that will be lots of Micron cases coming on the way.
@sfsiow88
December 27, 2023 at 7:27 am
A good lesson for arrogant kindergarten boys in the administration .
@RichardBrett899
December 27, 2023 at 7:27 am
The Micron chips by China will most likely follow by all China's allies.
@vlhc4642
December 27, 2023 at 7:27 am
If China really want to destroy Micron, they can ban not just the sale but distribution of Micron chips, that'll perma-kill Micron and the US will really lose their s*
@justthefacts5008
December 27, 2023 at 7:27 am
"China banned Micron Technology from selling memory chips to key domestic industries, saying the US memory chipmaker had failed its network security review and posed a national security risk"
About time China gives the US the same medicine, "US memory chipmaker had failed its network security review and posed a national security risk" then banning Micron Tech.
@JP-sg8ng
December 27, 2023 at 7:27 am
This is what Europe and American called:de-risking not decoupling 😂😂here you go de-risking present from China 🤣🤣🤣
@user-ff6xd3fr1l
December 27, 2023 at 7:27 am
中国有先进的长江存储和长鑫存储了，没你镁光什么事。以后还会有自己的CPU、GPU
@jianyang6281
December 27, 2023 at 7:27 am
it is called derisking. hello G7!.
@devoltaaocaminho3949
December 27, 2023 at 7:27 am
A good father corrects the son he loves. As long as we do not remove from our midst: the foul mouth, idolatry, injustice, in other words, as long as we continue to like to see and hear immorality and keep encouraging malice, we place our trust in possessions and saints created by men, and we do not return the we say they belong to God, for the help of the helpless, the associates and slaves of the devil, will be at our door. Let us practice this righteousness, and then cry out to God. Let us know that all things work together for good to those who love God. Even in the midst of so much affront, let us continue to obey God. While we are being corrected to inherit heaven, this caste that wants to harm us will end up working on our behalf
@mgronich948
December 27, 2023 at 7:27 am
All such moves hurt both sides. But the China ban on Micron has close to zero negative impact on China. Many of the actiions taken by the US however have hurt US chip companies a lot, losing > 1T in market cap. The US imposes sanctions, then let US companies petition for a waiver. Sort of , we'll provide some band aids if we shoot ourselves in the foot. The Chinese approach seems to take aim before pulling the trigger. But this will get much worse.
@yhzh755
December 27, 2023 at 7:27 am
fair enough
@dotalocus
December 27, 2023 at 7:27 am
Memory chips normally doesn't pose security risks? Not what the US said when they banned Yangtze Memory.
@bluefish7940
December 27, 2023 at 7:27 am
Only China in this world can ban American companies. Americans only have Lapdogs countries but their side
@likh008
December 27, 2023 at 7:27 am
China just help US to de-risk
@user-vs4uh1vr8v
December 27, 2023 at 7:27 am
Foxconn next. It will be fun to see the outcome of Foxconn investment in India.
@user-vs4uh1vr8v
December 27, 2023 at 7:27 am
China stop importing Corn from US, poor American farmers facing destruction due to selfish neocon policies..
Australia coal still remains in port, no where to sell because China is buying from Russia
@alextran7680
December 27, 2023 at 7:27 am
Want to help ? Buy FAKE IN CHINA.
@PlaYer-sn5or
December 27, 2023 at 7:27 am
China buying US chips.
US: National security risk, ban!
China stop buying US chips.
US: No China you can't do that!
😅😂🤣
@htleong4790
December 27, 2023 at 7:27 am
very funny. when USA bar Huawei and other Chinese companies , did USA provide any concrete evidence. none at all
@siewkonsum7291
December 27, 2023 at 7:27 am
Good! US Regime bars US manufacturers selling chips to China due to security concerns.
Now, China bars its local Chinese buyers buying chips into China from the US manufacturers for the same reasons.
For whatever unfair reasons you did to me, I can do the same back to you too! It's so fair & square!
👍👏👏👏
@frankfeng4728
December 27, 2023 at 7:27 am
No big deal. Micron may reenter China once the issue is fixed.
@buttercup3518
December 27, 2023 at 7:27 am
It was an unhealthy relationship, they were both cheating on each other anyway. Best to find a loyal friend whose cold, hard knife is not in your back.
@greedyinvader9462
December 27, 2023 at 7:27 am
Tesla is pretty good for next target
@joshborja8012
December 27, 2023 at 7:27 am
what's good for the goose is good for the gander
@younesma2038
December 27, 2023 at 7:27 am
Welldone
@jasonphoon6292
December 27, 2023 at 7:27 am
Welldone CHINA, next soon will be Qualcom , Intel or Nvdia..RIP MICRON