U.S. ‘won’t tolerate’ China’s ban on Micron chips, Raimondo says By Reuters

DETROIT (Reuters) – America “will not tolerate” China’s efficient ban on purchases of Micron Know-how (NASDAQ:) reminiscence chips and is working carefully with allies to handle such “financial coercion,” U.S. Commerce Secretary Gina Raimondo stated on Saturday.

Raimondo advised a information convention after a gathering of commerce ministers within the U.S.-led Indo-Pacific Financial Framework talks that the U.S. “firmly opposes” China’s actions towards Micron.

These “goal a single U.S. firm with none foundation actually, and we see it as plain and easy financial coercion and we can’t tolerate it, nor do we expect it will likely be profitable.”