While the US government weighs in on its ban against ZTE, the Chinese government served out a ban to the Micron. The US electronics company recently received a temporary sales ban from the Chinese government, on the alleged grounds that the company was engaged in price fixing activities.
Specifically, the company that is known for its Crucial brand of memory and solid-state storage devices, received an injunction that was filed by a Taiwan-based United Microelectronics Corporation (UMC). The injunction effectively prevents the company’s Chinese subsidiaries from manufacturing, importing, and selling specific Crucial-branded memory modules and SSDs.
In response to the conjunction, Micron’s share value fell by 5.5%, bu then rebounded back to 1.9%. Micron says that the sales ban would not affect its current fiscal quarter revenue significantly, and that it would still be able to hit it expected sales target of between US$8 billion and US$8.4 billion (~RM32.3 billion and RM34 billion).