AssetID: 52751452
Headline: UNCAPTIONED: China-US Technology Feud Continues As Beijing Issues Security Warning
Caption: China-US Technology Feud Continues As Beijing Issues Security Warning. On May 21, China urged owners of sensitive computer equipment to stop purchasing goods from the largest chipmaker in the United States. NBC reports that the news represents an escalation of an ongoing dispute between the U.S. and China over technology and security. According to China's Cyberspace Administration, Micron products present "serious network security risks" that pose a threat to national security. "Operators of critical information infrastructure in China should stop purchasing products from Micron Co." The news comes as the U.S., Europe and Japan have moved to reduce Chinese access to advanced chipmaking and other technology. NBC reports that while China has warned of unspecified consequences, it has struggled to find a form of retaliation that doesn't impact its own smartphone producers. "China firmly promotes high-level opening up to the outside world and, as long as it complies with Chinese laws and regulations, welcomes enterprises and various platform products and services from various countries to enter the Chinese market.", China's Cyberspace Administration, via NBC. China is investing heavily in accelerating chip development to reduce Beijing's reliance on foreign techonology. NBC reports that China spends over $300 billion importing foreign chips annually. The ongoing conflict has raised concerns that two separate spheres of technology could emerge that would raise costs and slow international innovation. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
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