WASHINGTON :The U.S. Senate's top Democrat said on Tuesday he and President Joe Biden's administration were engaging allies and businesses to address China's ban on sales of memory chips made by U.S.-based Micron Technology Inc. The restrictions this week by China's cyberspace regulator against Micron, the bi
WASHINGTON :The U.S. Senate's top Democrat said on Tuesday he and President Joe Biden's administration were engaging allies and businesses to address China's ban on sales of memory chips made by U.S.-based Micron Technology Inc.
"The Chinese government's announced action against Micron is not based in fact and is a troubling use of economic coercion against the U.S.," Senate Majority Leader Chuck Schumer said. "I am working closely with the Biden administration to make clear to the Chinese government that this sort of behavior is unacceptable and unproductive."
Earlier this month, Schumer launched a renewed effort to stave off competition from China, planning legislation to boost U.S. ability to face up to the Asian powerhouse on issues from technology to security and threats to Taiwan. Micron on Monday forecast the ban would dent revenue in the low-single to high-single digits in percentage terms.
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