Micron Technology Says Continue To Cooperate With Cybersecurity Administration Of China And Working To Understand Details About Their Security Concerns
Portfolio Pulse from Benzinga Newsdesk
Micron Technology is cooperating with the Cybersecurity Administration of China and working to understand the details of their security concerns.
May 22, 2023 | 12:14 pm
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NEUTRAL IMPACT
Micron Technology's cooperation with China's Cybersecurity Administration may have a minor impact on the iShares China Large-Cap ETF (FXI) due to its exposure to Chinese technology stocks.
The iShares China Large-Cap ETF (FXI) has exposure to Chinese technology stocks, and Micron Technology's cooperation with the Cybersecurity Administration of China may have a minor impact on the ETF. However, since Micron is a US-listed company and the ETF focuses on large-cap Chinese stocks, the impact is likely to be limited. Therefore, the short-term impact on the ETF is neutral.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Micron Technology is working with China's Cybersecurity Administration to address security concerns, which may affect the company's operations in the country.
Micron Technology is actively cooperating with the Cybersecurity Administration of China to understand and address their security concerns. This shows the company's commitment to resolving issues and maintaining a good relationship with Chinese authorities. However, the outcome of this cooperation is uncertain, and it may have an impact on Micron's operations in China. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100