Micron Stock Tumbles as China Says Its Chips Are Security Risk – Bloomberg Law

Micron Technology Inc.’s stock dropped more than 6% after China’s cyberspace regulator said that its products failed to pass a cybersecurity review in the country.

Beijing warned operators of key infrastructure against buying the company’s goods, saying it found “relatively serious” cybersecurity risks in Micron products sold in the country. The components caused “significant security risks to our critical information infrastructure supply chain,” which would affect national security, according to the statement from the Cyberspace Administration of China, or CAC.

Micron’s shares dropped as much as 6.8% in premarket trading, which would be the biggest intraday fall since November …