China hits back, bans major US chip maker Micron

News Snapshot:

In a recent turn of events, China has issued a ban on the US memory chip company Micron, preventing them from selling their products to domestic Chinese companies. This move comes in response to the ongoing US trade sanctions affecting China’s tech sector. Overview: China’s Ban on Micron The Chinese government has recently taken the bold step of banning major US memory chipmaker Micron from selling chips to domestic companies (h/t: Reuters). The ban was enacted following a failed security review by the Cyberspace Administration of China (CAC). In a statement issued on Sunday, the CAC explained their decision: The...