Micron Resumes Some Semiconductor Shipments to Huawei

In what could be one of the first positive news for Huawei, he Chinese tech company. CEO at Micron, Sanjay Mehrotra, confirmed that the company had resumed shipping some chips to Huawei over the past two weeks after a review of the US ban.

In a conference while addressing investors, Mehrotra stated, “We determined that we could lawfully resume shipping a subset of current products because they are not subject to export administration regulations and entity list restrictions.”

Micron also remains hopeful that the demand for its chips could pick up later this year. The microchip shipping has resumed after the Semiconductor Industry Association claimed that some of the semiconductor chips do not fall under the US government’s ban.

Huawei is Micron’s leading consumer and the US decision to add the Chinese company to its Entity List set Micron back by nearly $200 million in missed sales for Q3. On Tuesday, the New York Times had reported that Intel had also resumed shipping some chips to Huawei, but there has been no official confirmation regarding this yet.

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Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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