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Micron: China Chip Fears Overblown

Shoshanna Delventhal

Chipmaker Micron Technology Inc. ( MU) has confirmed a ban in China regarding the manufacturing and selling some of its products in the country, yet indicates that affected products represent just slightly more than 1% of annual sales. On Thursday, Micron indicated that a preliminary injunction by a court in China that bans its Chinese subsidiaries from doing some business in the country will hurt its current fiscal fourth-quarter revenue by roughly 1%.