China-US , Technology Feud Continues , As Beijing Issues Security Warning.<br />On May 21, China urged owners of sensitive <br />computer equipment to stop purchasing goods <br />from the largest chipmaker in the United States.<br />NBC reports that the news represents an <br />escalation of an ongoing dispute between the U.S. <br />and China over technology and security. .<br />According to China's Cyberspace Administration, <br />Micron products present "serious network security <br />risks" that pose a threat to national security. .<br />Operators of critical information <br />infrastructure in China should stop <br />purchasing products from Micron Co, China's Cyberspace Administration, via NBC.<br />The news comes as the U.S., Europe and Japan <br />have moved to reduce Chinese access to <br />advanced chipmaking and other technology.<br />NBC reports that while China has warned of unspecified <br />consequences, it has struggled to find a form of retaliation <br />that doesn't impact its own smartphone producers.<br />China firmly promotes high-level opening <br />up to the outside world and, as long as it <br />complies with Chinese laws and regulations,<br />welcomes enterprises and various platform <br />products and services from various <br />countries to enter the Chinese market, China's Cyberspace Administration, via NBC.<br />China is investing heavily in accelerating <br />chip development to reduce Beijing's <br />reliance on foreign techonology. .<br />NBC reports that China spends <br />over $300 billion importing <br />foreign chips annually.<br />The ongoing conflict has raised concerns that two <br />separate spheres of technology could emerge that <br />would raise costs and slow international innovation. .<br />The ongoing conflict has raised concerns that two <br />separate spheres of technology could emerge that <br />would raise costs and slow international innovation.
