The U.S. government is set to implement its third round of restrictions on China's semiconductor industry within three years, targeting exports to 140 Chinese companies, including chip equipment maker Naura Technology Group. These new curbs specifically include memory chips used in artificial intelligence applications, escalating the U.S.-China tech conflict.
The restrictions aim to limit China's access to advanced semiconductor technology, citing national security concerns. In response, China's top industry associations have advised domestic companies to prioritize purchasing locally produced chips, asserting that U.S. chips are 'no longer safe' for their supply chains.
This regulatory action could impact Micron Technology by potentially restricting its market access in China for certain high-performance memory products. The ongoing geopolitical tensions and trade policies create an uncertain operating environment for global semiconductor manufacturers.
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