Micron Technology Believe That Approximately Half Of That China HQ Customer Revenue, Which Equates To A Low-Double-Digit Percentage Of Micron's Worldwide Revenue, Is Now At Risk Of Being Impacted
Portfolio Pulse from Happy Mohamed
Micron Technology warns that nearly half of its China HQ customer revenue, representing a low-double-digit percentage of its global revenue, is at risk of being impacted.
June 16, 2023 | 1:33 pm
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NEGATIVE IMPACT
Micron Technology's China HQ customer revenue is at risk, which may indirectly affect the iShares China Large-Cap ETF (FXI) due to Micron's presence in the Chinese market.
Although the news does not directly mention FXI, Micron Technology's presence in the Chinese market and the potential impact on its China HQ customer revenue may indirectly affect the iShares China Large-Cap ETF (FXI) in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Micron Technology's China HQ customer revenue, accounting for a low-double-digit percentage of its global revenue, is at risk of being impacted.
The news directly mentions Micron Technology and highlights the potential impact on its China HQ customer revenue, which represents a significant portion of its worldwide revenue. This could lead to a negative short-term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100