Micron Technology Received Notice That The Cyberspace Administration Of China. Says Micron Products Present A Cybersecurity Risk. The CAC Notified Critical Information Infrastructure Operators In China To Stop Using Micron Products
Portfolio Pulse from Benzinga Newsdesk
Micron Technology received a notice from the Cyberspace Administration of China (CAC) stating that its products present a cybersecurity risk. The CAC has advised critical information infrastructure operators in China to stop using Micron products.
May 22, 2023 | 12:21 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be indirectly affected by the CAC's warning against using Micron products due to cybersecurity risk.
The iShares China Large-Cap ETF (FXI) may be indirectly affected by the CAC's warning against using Micron products, as it could lead to a decrease in sales for Micron Technology, which is a component of the ETF. This may result in a negative impact on the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology faces potential sales impact as China's CAC advises critical information infrastructure operators to stop using its products due to cybersecurity risk.
Micron Technology is directly affected by the CAC's warning, as it advises critical information infrastructure operators in China to stop using its products. This could lead to a significant decrease in sales and negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100