The U.S. Senate’s top Democrat, Chuck Schumer, has expressed his concern over China’s ban on sales of memory chips made by U.S.-based Micron Technology Inc. Schumer is working closely with the Biden administration to make clear to the Chinese government that this sort of behavior is unacceptable and unproductive. He is also engaging with the broader business community as well as with allies and partners to address the Chinese government’s restrictions against Micron.
Republican lawmaker Michael McCaul has also condemned China’s move, calling it “economic aggression”. The Chinese embassy in Washington has yet to comment on the matter.
The ban was announced just a day after the Group of Seven (G7) rich nations agreed they would look to “de-risk, not decouple” from China, and as Washington pressures its allies to join it in restricting chip equipment exports to China. Micron has forecast that the ban will dent revenue in the low-single to high-single digits in percentage terms.