Micron confirms China blocking some chip sales, but says injunction will have minor impact on revenue
https://www.cnbc.com/2018/07/05/micron-confirms-china-blocking-some-chip-sales-but-says-injunction-wi.html
Micron confirmed on Thursday a court in China has granted a preliminary junction that bans its Chinese subsidiaries from manufacturing and selling some of its products in the Asian country.
The company said the affected products represent "slightly more than 1 percent" of its annual sales. Micron added the injunction will hurt its current fiscal fourth quarter revenue by "approximately" 1 percent, but the chipmaker continues to expect sales to be within the previously guided range of $8 billion to $8.4 billion.