TL;DR CNBC

China chip stocks rally after Beijing said U.S. chip giant Micron is 'major security risk'

Publishing timestamp: 2023-05-22 05:39:48

Summary

China's Cyberspace Administration has barred operators of critical information infrastructure in China from purchasing products from U.S. chip giant Micron, citing network security issues. Chinese chip stocks rallied following the announcement, while the U.S. Commerce Department expressed opposition to the restrictions.

Sentiment: NEGATIVE

Tickers: 981-HK,  MU,  1347-HK, 

Keywords: world markets,  united states,  world economy,  micron technology inc,  business news,  china,  seoul,  national security,  beijing,  asia economy,  breaking news: technology,  technology, 

Source: https://www.cnbc.com/2023/05/22/china-chip-stocks-rally-after-beijing-says-micron-is-security-risk.html