South Korea is ready to make up for the loss of Micron chips for China – Kommersant

Deputy Minister of Economy of South Korea Chan Yong Chin declared today, May 22, that South Korean companies can make up for the loss of US company Micron chips for China. The announcement comes after China’s Cybersecurity Authority on Sunday banned local critical infrastructure operators to buy Micron products. At the same time, they referred to the fact that these microchips have not been tested in terms of cybersecurity.

Office of Cyber ​​Security launched an investigation against Micron in April. Then there was information that the use of these microchips may be prohibited. Financial Times wrotethat the US has asked South Korea to ask its chip makers not to fill the gap in the Chinese market in the event of a Micron ban. “About what the US told us to do or not to do: it really depends on our companies. Both Samsung and SK Hynix with their activities around the world will decide on this,” Mr. Chan said now. Samsung and SK Hynix declined to comment on the situation.

Micron CFO Mark Murphy said today that the loss in revenue associated with the ban on the company’s products in China will not exceed 10%. The company’s revenue last year was $30.8 billion. Micron’s shares fell 6% after the ban.

Yana Rozhdestvenskaya