Micron Technology Inc said on Wednesday it had received all requested licenses t...
- Micron Technology Inc said on Wednesday it had received all requested licenses to supply some products to its largest customer, China’s Huawei, a huge relief for the chipmaker that has been struggling amid a slowing memory market.
“We applied for, and recently received all requested licenses that enable us to provide support for certain products ... as well as qualify new products for Huawei’s mobile and server businesses,” the company said. In June, Micron said it had determined that some of its products could still be legally shipped to Huawei, but others remained barred.
The Idaho-based company forecast second-quarter revenue between $4.5 billion and $4.8 billion, while analysts were expecting $4.78 billion.
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