Cybersecurity
Micron Says Half of Sales Tied to China-HQ Clients at Risk
- Beijing barred Micron’s chips from critical infrastructure
- Micron’s customers are being contacted by Chinese officials
Micron Technology headquarters in Biose, Idaho.
Photographer: Jeremy Erickson/BloombergThis article is for subscribers only.
Micron Technology Inc. warned that about half of its sales tied to China-headquartered clients may be affected by a cybersecurity probe being carried out by the Chinese government, representing a “low-double-digit percentage” of its global revenue.
Several of Micron’s customers are being contacted by officials as part of a probe by the Cybersecurity Administration of China, announced earlier this year, the company said in a regulatory filing. Micron’s revenue with businesses based in mainland China and Hong Kong, including direct sales as well as indirect sales through distributors, accounts for about a quarter of Micron’s global revenue and remains the principal exposure, the company said.