Micron's Operations Unaffected By China's Regulatory Probe: Report

China's cybersecurity review of Micron Technology, Inc MU reportedly is not affecting its ability to deliver products.
Micron's product shipments, engineering, manufacturing, sales, and other functions are operating as usual, Bloomberg reports citing the company's statement.
China's probe on the chipmaker fueled tensions between China and the U.S. triggered by the Western counterpart's cutting-edge technology-related embargo on the Asian country.
Also Read: U.S. Chips Act Mandates Contenders To Share Excess Profits With Country, Refrain From Buybacks And China
China also filed a complaint with the World Trade Organization, arguing that the U.S. is undermining trade rules.
On March 31, China launched a cybersecurity review of Micron's export products to ensure the security of its information infrastructure supply chain, prevent network security risks and maintain national security.
Price Action: MU shares closed lower by 1.21% at $59.61 on Monday.