Earlier this month, Schumer launched a renewed effort to stave off competition from China, planning legislation to boost US ability to face up to the Asian powerhouse on issues from technology to security and threats to Taiwan.
Republican lawmaker Michael McCaul, the chairman of the US House of Representatives Foreign Affairs Committee, said in a statement that “China’s legal system is built to coerce any person or company under its authority.
“This is a mafia-like legal system bullying an American company. The US and its partners and allies must stand together against this economic aggression.”
The Chinese embassy in Washington did not immediately comment on the matter.
China’s cyberspace regulator said on Sunday that Micron failed its network security review and that the regulator would block operators of key infrastructure from buying from the company.
Micron on Monday forecast the ban would dent revenue in the low-single to high-single digits in percentage terms.
China’s move against Micron, the biggest US memory chip maker, was widely seen as retaliation for Washington’s efforts to restrict Beijing’s access to key technology.
It 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.
