ANI
26 May 2023, 19:55 GMT+10
Beijing [China], May 26 (ANI): Beijing's latest decision to stop purchasing Micron Technology products will hurt China itself, Lin Tsung-Nan, a professor at the Department of Electrical Engineering at National Taiwan University in Taipei said, according to Voice of America (VOA).
In an interview with VOA Mandarin, Lin said that after the G7 released its joint statement on China, its President Xi Jinping retaliated by blocking Micron.
"This is a bit like the 'Seven Wounded Fist' in martial arts novels, which will hurt Micron and of course itself [China]," Lin said, adding "However, China should have calculated, that is, when it hurt itself, it's not fatal."According to the Wuxia Fandom Wiki the skill Lin refers to "allows the user to inflict severe internal injuries on his opponent while suffering grave internal injuries at the same time."He said that even if the ban on Micron hurts the domestic market, the Chinese Communist Party would not hesitate to do this to defend its authority, according to VOA.
According to Lin, after the Micron ban, South Korea will play its role as it may replace the company's market share with its Samsung and Hynix.
This is especially true for Samsung, which has made extensive DRAM production investments in China. Samsung's recent poor sales in China will motivate it to grab the share, Lin said.
Even if Seoul is constrained by Washington's request for South Korean factories not to export supplies to China, the Chinese Communist Party may exert pressure on Samsung's Chinese factories for "secret deals," according to Lin, who added,"This is Xi's plan to kill two birds with one stone: to show China's assertiveness, and to rope in South Korea, or to divide South Korea and the U.S. on their China stance."Earlier, on Sunday, China's Cyberspace Administration of China, or CAC, issued a statement requesting that "operators of critical information infrastructures in China should stop purchasing products made by Micron Technology" due to "national security risks."The news of China's decision to block Micron after nearly two months of investigation came as a shock to the foreign business community in China, reported VOA.
Notably, this came just after the G7 released its statement on China.
The US Department of Commerce dismissed the ban issued Sunday as "unsubstantiated," while Micron, the biggest memory chipmaker in America, said in a written statement, "We have received CAC's notice. ... We are evaluating the conclusion and assessing our next steps. We look forward to continuing to engage in discussions with Chinese authorities."After this move, Michael Hart, president of the Beijing-based American Chamber of Commerce in China (AmCham China), said in a written response to VOA Mandarin on Monday that US businesses are worried about being the next target of China's security review.
Hart said in his emailed reply, "Our members are asking us two things: will they be targeted because they are American, and how can they ensure they remain compliant in a business environment that appears to be increasingly influenced by national security concerns?"In an ironic twist, Micron was once the alleged victim of Chinese theft of trade secrets, reported VOA.
In 2018, a federal grand jury in San Francisco charged a Chinese state firm, a Taiwanese chipmaker, and three employees with economic espionage related to a conspiracy to steal Micron's trade secrets.
United Microelectronics Corporation pleaded guilty in 2020 to one count of receiving and possessing a trade secret. It agreed to pay a fine of USD 60 million and cooperate with U.S. prosecutors. In a statement, UMC denied any knowledge of the theft of Micron's trade secrets or their unauthorized transfer to Jinhua. (ANI)
Get a daily dose of San Francisco Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.
More InformationIn the aftermath of a tense 5-2 loss at the Houston Astros on Thursday, cooler heads prevailed in the Los ...
GLOBAL PR CONNECT (GPRC)California [US], June 2: California's Joint Asian AmericanPacific Islander Legislative Caucus celebrates its AAPI Heritage Month activities. ...
The Boston Red Sox will be dealing with the most powerful team in baseball Friday night when they open a ...
The Washington Nationals are back at home after a cross-country trip, probably in an encouraged mindset. It's not that way ...
The Oakland Athletics, who have the worst record in the majors at 12-46, will begin a nine-game road trip when ...
Washington [US] June 2 (ANI): Jacky Oh, a former Wild 'N Out cast member and D.C. Young Fly's longtime partner, ...
WASHINGTON D.C.: The Defense POW/MIA Accounting Agency has announced that 2nd Lt. James Litherland of South Williamsport, Pennsylvania, an Army ...
DHAKA, Bangladesh - The Anti-Corruption Commission (ACC) has filed a case against 13 members of Grameen Telecom's board of directors, ...
WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...
LOUISVILLE, Kentucky: Two horses that succumbed to their injuries at Churchill Downs have become the 11th and 12th fatalities over ...
FREMONT, California: Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant ...
JEFFERSONVILLE, Indiana: Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, Indiana, has pleaded guilty to more ...