Micron Shares Fall After Chipmaker Halts Shipments to Huawei
- U.S. company cuts capex, warns of flash memory oversupply
- U.S. stops Micron supplying Huawei from overseas factories
Photographer: Tomohiro Ohsumi/Bloomberg
This article is for subscribers only.
Micron Technology Inc. shares fell after the largest U.S. chipmaker said it recently halted shipments to China’s Huawei Technologies Co.
Micron also cut capital spending plans, warned about weaker demand from some corporate customers and forecast possible oversupply in a key market next year.