regulatory
confidence high
sentiment negative
materiality 0.85
China's CAC bans Micron products for critical infrastructure operators over cybersecurity risk
MICRON TECHNOLOGY INC
- CAC concluded Micron products present a cybersecurity risk; notified critical information infrastructure operators in China to stop using the products.
- Micron evaluating potential sales impact; CFO Mark Murphy to discuss at J.P. Morgan conference on May 22.
- The review commenced March 31, 2023; outcome is a ban for critical infrastructure sector.