Micron confirms China blocking some chip sales, but says injunction will have minor impact on revenue

Micron confirms China blocking some chip sales, but says injunction will have minor impact on revenue

6 years ago
Anonymous $cyhBy-qkd5

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.

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