Micron Technology Inc., the US chipmaker that’s facing a cybersecurity review by the Chinese government, said that the investigation isn’t affecting its ability to deliver products.
“Micron’s product shipments, engineering, manufacturing, sales and other functions are operating as normal,” the company said in an updated response to the March 31 announcement of an investigation by Beijing. “Micron is committed to conducting all business with uncompromising integrity, and we stand by the security of our products and our commitments to customers.”
Shares of Micron, which counts on mainland China for about 11% of its sales, fell 4.4% on Friday after the investigation was announced. It dropped an additional 1.2% on Monday.