Micron's Exit from China Data Center Chip Business Following Ban

Micron continues to interact with two substantial Chinese customers with data centres outside China. One of these customers is Lenovo, among the laptop manufacturer, ensuring ongoing sales despite the China data center business departure. Despite the impact of the ban, which affected its division, Micron maintains alignment with applicable regulations in its operations. In response to inquiries about the exit from Chinese data centers, the company confirmed the division was affected by the ban, Mayer said by relevant laws. Amid escalating U.S.-China trade tensions and technology competition, Micron stands to lose from the ban on its products in critical Chinese…