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Micron Could Report Weaker Revenue due to the US-China Trade War

Puja Tayal
Micron Could Report Weaker Revenue due to the US-China Trade War

The memory industry is currently in a cyclical downturn, which is being aggravated by the economic downturn triggered by the US-China trade war. Micron is a US-based company and earns 57% of its revenue from China. Hence, trade tensions between the two countries are having an adverse impact on its performance.