- Tram Ho
US State Department spokesman Matthew Miller said: “We are very concerned about China’s restriction on sales of Micron chips to domestic information infrastructure operators. This move does not appear to be appropriate for the Chinese market. declares market opening and commits to a transparent Chinese regulatory framework.”
Mr. Miller said that the Commerce Department was addressing US concerns with China.
The US Commerce Department said it would work with allies to address “distortions in the chip market caused by China’s actions”.
The action of the US side came shortly after China’s cyber regulator announced that the products of chip maker Micron (USA) did not pass the cybersecurity assessment.
Memory chip of giant Macron (USA) appeared at a technology exhibition in Germany 2015. Photo: Reuters
On May 22, Micron chip company informed that they are considering the next action steps. “We want to continue to engage in discussions with the Chinese authorities,” Micron said.
In the worst-case scenario, Micron will lose about 11% of its revenue due to the ban, according to Sanford C. Bernstein analyst Mark Li. Nikkei quoted analyst Brady Wang of the research firm Counterpoint predicting that if the ban on Micron products in China lasts for a long time (2.3 years or longer), competing companies from South Korea will benefit. .
Beijing’s decision comes ahead of a visit to Washington by Chinese Commerce Minister Wang Wentao. Recently, speaking at a conference in Shanghai with the presence of the American Chamber of Commerce in Shanghai, Johnson & Johnson and Honeywell International (USA), the Chinese Commerce Minister said that Beijing will continue to continue to welcome American companies to develop in this country.
Mr. Wang stated: “China’s economy is recovering and improving. The market potential continues to be unleashed. This will bring more development opportunities for businesses from all over the world, including including American companies”.
German prosecutors charged four former executives of a company with illegally selling software to Turkish secret services. Photo: DPA
In another development, broadcaster Deutsche Welle (DW) on May 22 reported that German prosecutors charged four former executives of FinFisher. The company sells illegal software to Türkiye’s secret services to spy on the country’s opposition.
According to prosecutors in southern Germany, FinFisher signed a deal worth more than $5.4 million in 2015 to sell surveillance software to Ankara’s intelligence, along with training and support. Spyware allows users to gain control of computers and smartphones, as well as monitor communications.
Prosecutors said the Finspy software was provided to a Turkish opposition movement in 2017, downloaded from a website “with the purpose of masquerading as to spy on them”.
Source : Genk