Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens A Chu and Xiao Zhanche for the clue delivery! CTOnews.com April 2 news, the Internet Information Office issued an announcement on the evening of March 31, launching a network security review of the products sold by Micron, a US semiconductor company, in China.

In response, Micron said in response to Science and Technology Innovation Board Daily: "it is known that the Office of China Cyber Security and Informatization Commission (Cyber Information Office) has announced the launch of a cyber security review of the products we sell in China." we are actively communicating and cooperating with the Internet Information Office. "

The Internet Information Office previously announced that in order to ensure the supply chain security of critical information infrastructure, prevent network security risks caused by product problems, and safeguard national security, in accordance with the National Security Law of the people's Republic of China and the Network Security Law of the people's Republic of China, the Network Security Review Office conducted network security reviews on products sold by Micron in China in accordance with the Network Security Review measures.

Micron recently reported revenue of $3.69 billion for the second quarter of fiscal 2023 (CTOnews.com note: currently about 25.387 billion yuan), compared with $4.09 billion in the previous quarter (CTOnews.com note: current about 28.139 billion yuan) and $7.79 billion in the same period last year (CTOnews.com note: current about 53.595 billion yuan), down about 53% from a year earlier. This is Micron's worst quarterly loss in the past two decades, and the last quarterly loss of this magnitude was in the second quarter of fiscal 2003, when the net loss was $1.94 billion (CTOnews.com Note: currently about 13.347 billion yuan).

Micron plans to cut jobs by nearly 15 per cent, including expected reductions by the end of 2023, which will affect about 7200 employees worldwide. Micron CEO Sanjay Mehrotra previously said that there is too much supply of semiconductors and insufficient demand.

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