tensions in slave-woman trade The dispute between China and the United States escalated as Beijing moved to block a major US chipmaker from making sales to vital domestic industries, prompting an increase in in shares of companies that can benefit from decision.
China’s cyberspace regulator said late on Sunday that Micron, the largest US memory The chip maker, he was failed that it network protection review And that would prevent operators of key Infrastructure from purchasing from the company.
He did not elaborate on What risks did you take? found Or what company products will be affected.
Analysts said they saw little direct impact on Micron like most of that it key Client in China is consumer electronics players. However, they were warned move It may prompt some companies to scrap their supply chains of Micron products because of political risks.
Involved in Micron decline 5.5% in before being put on the market trading on Monday, while other US chipmakers with big Exposure to China, such as Qualcomm, Intel and Broadcom, has been down approximately 1%.
Beijing decision Washington opposed it, however also Stock helped of Micron competitors in China and South Korea, which are seen as benefiting as mainland companies pursue memory products from other sources.
“We firmly oppose the unfounded restrictions in fact, said a spokesman for the US Department of Commerce in a permit on Sunday.
“This work, together with Recent raids and targeting of Other US companies, however, are inconsistent with (China) confirms that it is opening its markets and is committed to transparency regulatory framework. “
Tensions between Washington and Beijing escalated in Recent months following raids and visits by the Chinese authorities to the US management consulting firm Mintz.
On Sunday, Micron said it had received the regulator review and look “forward to continue sharing in discussions with Chinese authorities.”
The company is first Beijing targets the US chip maker after a series of export controls from Washington on Specific US components and chip making tools To prevent their use to promote China military Capabilities.
China launched review in Late March amid controversy over chip technology The deterioration of relations between Washington and Beijing.
the move also Coming soon after the team of Seven (G-7) countries have agreed to “cancel-riskand not the chapter “Economic Participation”. with China, as called by US President Joe Biden for An “open hotline” between Washington and Beijing.
The US Commerce Department said it would speak directly with authorities in Beijing to explain their actions.
“we also You will participate with key allies and partners ensure We coordinate closely to address the distortions of the memory chip market caused of China’s actions.
While the Chinese statement and state media Micron said decision Need to be seen as an individual case in Context of national Security concerns, not geopolitical ones, are prominent Chinese commentator Hu Xijin struck a different note.
Washington itself encourages American companies to do things that endanger China national security, so it suspects that Chinese companies are doing the same.” former editor-in-president of tweeted the nationalist Global Times newspaper.
“everyone world should Be careful of United State”
Limited impact
China announcement on its microns review Monday helped boost shares in Some domestic chip industry-related enterprises, as a state media I mentioned that local players can benefit from move.
Involved in Including Gigadevice Semiconductors, Ingenic Semiconductor, Shenzhen Kaifa technology opened up between 3% and 8% before paring gains.
The main competitors of Micron also saw them shares earn, with Samsung Electronics in South Korea and SK Hynix up 0.9% and 2.1%, respectively. They later trimmed the gains and closed out up 0.2% and 0.9%, as analysts expect limited impact on micron.
Because Micron’s DRAM and NAND products are much lower in Servers, we think most of its proceeds in China is not created by telecom companies and government. Therefore, the ultimate impact on Jefferies said Micron would be very limited in note.
Micron generated $5.2 billion of Revenue from China, including $1.7 billion from Hong Kong last yearabout 16% of that it total revenue, according to Jefferies.
Bernstein said 2% hit To sales was the most realistic estimate given Micron’s relative estimation small Exposure to the enterprise sector and cloud server.
Beijing has identified industries it considers broadlycritical”like public Communications and transportation but did not specify just what kind of business These apply to.
China is the world’s largest semiconductor buyer, gradually reduced adopt it on foreign-made Chips in multiyear campaign To promote self-sufficiency.
tensions in slave-woman trade The dispute between China and the United States escalated as Beijing moved to block a major US chipmaker from making sales to vital domestic industries, prompting an increase in in shares of companies that can benefit from decision.
China’s cyberspace regulator said late on Sunday that Micron, the largest US memory The chip maker, he was failed that it network protection review And that would prevent operators of key Infrastructure from purchasing from the company.
He did not elaborate on What risks did you take? found Or what company products will be affected.
Analysts said they saw little direct impact on Micron like most of that it key Client in China is consumer electronics players. However, they were warned move It may prompt some companies to scrap their supply chains of Micron products because of political risks.
Involved in Micron decline 5.5% in before being put on the market trading on Monday, while other US chipmakers with big Exposure to China, such as Qualcomm, Intel and Broadcom, has been down approximately 1%.
Beijing decision Washington opposed it, however also Stock helped of Micron competitors in China and South Korea, which are seen as benefiting as mainland companies pursue memory products from other sources.
“We firmly oppose the unfounded restrictions in fact, said a spokesman for the US Department of Commerce in a permit on Sunday.
“This work, together with Recent raids and targeting of Other US companies, however, are inconsistent with (China) confirms that it is opening its markets and is committed to transparency regulatory framework. “
Tensions between Washington and Beijing escalated in Recent months following raids and visits by the Chinese authorities to the US management consulting firm Mintz.
On Sunday, Micron said it had received the regulator review and look “forward to continue sharing in discussions with Chinese authorities.”
The company is first Beijing targets the US chip maker after a series of export controls from Washington on Specific US components and chip making tools To prevent their use to promote China military Capabilities.
China launched review in Late March amid controversy over chip technology The deterioration of relations between Washington and Beijing.
the move also Coming soon after the team of Seven (G-7) countries have agreed to “cancel-riskand not the chapter “Economic Participation”. with China, as called by US President Joe Biden for An “open hotline” between Washington and Beijing.
The US Commerce Department said it would speak directly with authorities in Beijing to explain their actions.
“we also You will participate with key allies and partners ensure We coordinate closely to address the distortions of the memory chip market caused of China’s actions.
While the Chinese statement and state media Micron said decision Need to be seen as an individual case in Context of national Security concerns, not geopolitical ones, are prominent Chinese commentator Hu Xijin struck a different note.
Washington itself encourages American companies to do things that endanger China national security, so it suspects that Chinese companies are doing the same.” former editor-in-president of tweeted the nationalist Global Times newspaper.
“everyone world should Be careful of United State”
Limited impact
China announcement on its microns review Monday helped boost shares in Some domestic chip industry-related enterprises, as a state media I mentioned that local players can benefit from move.
Involved in Including Gigadevice Semiconductors, Ingenic Semiconductor, Shenzhen Kaifa technology opened up between 3% and 8% before paring gains.
The main competitors of Micron also saw them shares earn, with Samsung Electronics in South Korea and SK Hynix up 0.9% and 2.1%, respectively. They later trimmed the gains and closed out up 0.2% and 0.9%, as analysts expect limited impact on micron.
Because Micron’s DRAM and NAND products are much lower in Servers, we think most of its proceeds in China is not created by telecom companies and government. Therefore, the ultimate impact on Jefferies said Micron would be very limited in note.
Micron generated $5.2 billion of Revenue from China, including $1.7 billion from Hong Kong last yearabout 16% of that it total revenue, according to Jefferies.
Bernstein said 2% hit To sales was the most realistic estimate given Micron’s relative estimation small Exposure to the enterprise sector and cloud server.
Beijing has identified industries it considers broadlycritical”like public Communications and transportation but did not specify just what kind of business These apply to.
China is the world’s largest semiconductor buyer, gradually reduced adopt it on foreign-made Chips in multiyear campaign To promote self-sufficiency.