Micron Expects Chinese Ban to Affect Revenue

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Micron expects Chinese ban to affect revenue up to high-single digits

Micron Technology Inc. expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on May 22 at a J.P. Morgan conference call.

“We estimate that the combined direct sales and indirect sales through distributors to China headquartered companies is about 1/4 of our total revenue,” the company said.