Micron: sanctioned by the Chinese courts

(CercleFinance.com) - Micron Technology has announced a court ruling in China banning two of its local subsidiaries from manufacturing, selling, or importing certain Crucial and Ballistix DRAM modules, as well as SSDs in China.


The US chip maker says its subsidiaries are being accused of patent infringement in China, by United Microelectronics Corporation and Fujian Jinhua Integrated Circuit Co., accusations that the group found unfounded.

Micron expects that this ruling will knock 1% of its Q4 revenues, while it continues to expect revenue in its target range of 8 billion to 8.4 billion dollars.



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