Micron Resumes Some Semiconductor Shipments to Huawei - Forex News by FX Leaders
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Micron Resumes Some Semiconductor Shipments to Huawei

Posted Wednesday, June 26, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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