Micron expects Chinese ban to affect revenue up to high-single digits
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FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration
(Reuters) - 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 Monday 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.
(Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
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