Micron warns of bigger revenue hit from China ban

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Micron Technology (MU) warns China ban puts low-double-digit percentage of worldwide revenue at risk

June 16, 2023 10:24 AM EDT

Micron Technology (NASDAQ: MU) shares tumbled Friday after it said in a filing that a low-double-digit percentage of its worldwide revenue is at risk of being impacted.

"Several Micron customers, including mobile OEMs, are being contacted by certain Critical Information Infrastructure ("CII") operators or representatives of the government in China... More