US EditionMicron to exit server chips business in China after ban: Reuters
Micron stops selling server chips to Chinese data centers after a 2023 ban, maintaining sales in automotive and mobile sectors while rivals gain market share.
- On Friday, Reuters reported Micron Technology plans to stop supplying server chips to data centers in China, citing two people briefed on the decision.
- The decision follows a government action that China banned the use of Micron chips in critical infrastructure, a move seen as retaliation for Biden-era export curbs that has heightened regulatory barriers for U.S. suppliers this year.
- Demand for AI workloads has driven record-high fiscal fourth-quarter revenue for Micron Technology, as server chips power data centers running advanced AI programs outside China.
- China made up roughly 12% of Micron's revenue, but the company will still sell to two Chinese customers with data centers outside China and to the automobile and mobile phone sectors.
- Beijing's 'AI plus' push and Chinese customs' crackdown on U.S.-made chips, while Micron has lost ground to Samsung Electronics Co Ltd and SK Hynix Inc in recent years.
21 Articles
21 Articles
Micron Stock Falls 3.84% In Pre-Market Trading As It Reportedly Exits China's Data Center Market Following 2023 Ban
Micron Technology Inc. (NASDAQ:MU) shares fell 3.84% in pre-market trading on Friday after a report emerged that the U.S. chipmaker will withdraw from China's data center market, ending a difficult chapter marked by Beijing's 2023 ban on its products in critical infrastructure. Micron Pulls Out ...
Micron Stock Falls 3.84% In Pre-Market Trading As It Reportedly Exits China's Data Center Market Following 2023 Ban - Micron Technology (NASDAQ:MU)
Micron Technology Inc. (NASDAQ:MU) shares fell 3.84% in pre-market trading on Friday after a report emerged that the U.S. chipmaker will withdraw from China's data center market, ending a difficult chapter marked by Beijing's 2023 ban on its products in critical infrastructure. Micron Pulls Out Of China Data Center Market After Ban Micron, the first American chipmaker targeted by Beijing in 2023, decided to halt server chip sales to Chinese data…
Micron's alleged China exit signals accelerating G2 chip decoupling
Micron reportedly plans to stop supplying server chips to data centers in China, according to a report citing sources familiar with the decision. The move comes two years after Beijing imposed a ban on Micron's products for use in "critical infrastructure," a decision widely interpreted as retaliation for US export restrictions on advanced chips and AI technologies.
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