Micron Technology Projects China Ban To Curb Revenues
Portfolio Pulse from Lekha Gupta
Micron Technology Inc (NASDAQ:MU) expects the recent China ban on memory chip sales to negatively impact revenues. The company's CFO estimates the impact to be in the low to high single-digit percentage of total company revenue. The Cyberspace Administration of China flagged cybersecurity issues with Micron products and urged domestic firms to stop buying from Micron.

May 23, 2023 | 1:20 pm
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Micron Technology's revenues are expected to be negatively impacted by the recent China ban on memory chip sales, with the company's CFO estimating the impact to be in the low to high single-digit percentage of total company revenue.
The recent China ban on memory chip sales directly affects Micron Technology's revenues, as the company's CFO estimates the impact to be in the low to high single-digit percentage of total company revenue. The Cyberspace Administration of China flagged cybersecurity issues with Micron products and urged domestic firms to stop buying from Micron, which will likely lead to a decrease in demand for Micron's products and negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100