Sanjay Mehrotra, CEO of Micron Technology, the largest computer memory chip manufacturer in the United States, said on June 25 that it had partially resumed supply to the Chinese technology company Huawei.

2024/05/1121:47:32 hotcomm 1051

According to Bloomberg reported on June 26, Sanjay Mehrotra, chief executive of Micron Technology , the largest computer memory chip manufacturer in the United States, said on June 25 that it has partially resumed payments to Chinese technology company Huawei Supply. Micron has determined that these supplies do not conflict with the US ban on Huawei. This caused Micron's U.S. shares to soar 11% in after-hours trading and led to gains in other chip stocks.

Micron Technology CEO Sanjay Mehrotra

Mehrotra said in a conference call on the 25th that the company has studied and confirmed that it can sell "some" products to Huawei that are not subject to the ban. Shipping has started in the past two weeks. "We believe that we can legally resume shipments of some existing products because they are not within the scope of export management regulations and are not subject to the restrictions of the entity list."

The U.S. Department of Commerce added Huawei to the export ban in May, and Huawei is not allowed to purchase products for Micron has since stopped all shipments to Huawei to produce U.S. components for new products. According to data from Bloomberg, Huawei is one of Micron’s largest customers, and approximately 13% of Micron’s annual revenue comes from sales to Huawei.

Micron Technology

Analyst Kevin Cassidy of Stifel Nicolaus Co., an investment institution, said that there is a loophole in the US export ban. If the US technology used in the chip does not reach 25%, it will not be subject to the ban. Cassidy believes Micron exploited this vulnerability. Steven Fox, an analyst at

market research company Cross Research, said that if some companies want to take advantage of this loophole, even if they are headquartered in the United States, they may be able to classify their technology as foreign technology as long as they have overseas subsidiaries and operations. Micron may be the first company to publicly say it will continue to do some level of business with Huawei.

In September 2015, Huawei and Micron reached a strategic cooperation in flash memory technology

Cassidy worries that the Trump administration may believe that Micron's resumption of shipments to Huawei will undermine the U.S. government's efforts to pressure China in trade negotiations and other actions. action.

Mehrotra also said frankly: "There is great uncertainty surrounding Huawei's situation. We cannot predict the number of products that can be shipped to Huawei, nor can we guarantee how long the shipments will last."

(Editor: YZM)

hotcomm

Today is quite eventful. Let’s talk about the board first. The most eye-catching thing today is that the big brother Sanyang M has been released. The bidding was on the floor but there were not many orders. As soon as the market opened, the bids were pried open and turned back. T - DayDayNews

Today is quite eventful. Let’s talk about the board first. The most eye-catching thing today is that the big brother Sanyang M has been released. The bidding was on the floor but there were not many orders. As soon as the market opened, the bids were pried open and turned back. T

12.29: Big brother comes out of the cage, and the monsters dance wildly! Funds are divided and we will be cautious at the end of the year

05/23 1044

Stepping through the dazzling sky of history, looking at the mottled light shining in the starlight, thousands of years of wind and frost have frozen many heroic legends. The long line of heaven and earth that traverses ancient and modern times connects the original power of life - DayDayNews

Stepping through the dazzling sky of history, looking at the mottled light shining in the starlight, thousands of years of wind and frost have frozen many heroic legends. The long line of heaven and earth that traverses ancient and modern times connects the original power of life

The formation of the Progressive Party—historical events in 1913

05/23 1159

In order to thoroughly implement the work arrangements of the Municipal Party Committee and the Municipal Government on coordinating epidemic prevention and control and economic and social development, fully implement the "Several Policies and Measures of Shanghai to Fight the Ep - DayDayNews

In order to thoroughly implement the work arrangements of the Municipal Party Committee and the Municipal Government on coordinating epidemic prevention and control and economic and social development, fully implement the "Several Policies and Measures of Shanghai to Fight the Ep

These small and micro enterprises can apply for rent subsidies, details →

05/23 1168

This year, the number of fresh graduates from colleges and universities across the country is expected to reach 10.76 million, with the number exceeding 10 million for the first time, an increase of 1.67 million year-on-year, and both scale and increase hitting record highs. - DayDayNews

This year, the number of fresh graduates from colleges and universities across the country is expected to reach 10.76 million, with the number exceeding 10 million for the first time, an increase of 1.67 million year-on-year, and both scale and increase hitting record highs.

Digital reading｜Rent reduction, deposit exemption, subsidies... Please accept this guide to renting a house during the graduation season

05/23 1916

Morgan Stanley issued a research report, cutting Sands China (01928)'s earnings before interest, taxes, depreciation and amortization (EBITDA) forecast by 2% from 2017 to 2018 to reflect its worse-than-expected fourth-quarter performance. Even though this year's Spring Festival i - DayDayNews

Morgan Stanley issued a research report, cutting Sands China (01928)'s earnings before interest, taxes, depreciation and amortization (EBITDA) forecast by 2% from 2017 to 2018 to reflect its worse-than-expected fourth-quarter performance. Even though this year's Spring Festival i

Morgan Stanley lowers Sands China (01928) target price to HK$35 and maintains "In-line" rating

05/23 1768

Gelonghui, May 27丨After closing down 17.5% last Friday, China Rare Earth, which had previously experienced a sharp rise, fell significantly again today, now trading at HK$0.47, down 5.05%. - DayDayNews

Gelonghui, May 27丨After closing down 17.5% last Friday, China Rare Earth, which had previously experienced a sharp rise, fell significantly again today, now trading at HK$0.47, down 5.05%.

China Rare Earth (0769.HK) and Xingyu Holdings (2346.HK) fell back. Analysts: The skyrocketing price of rare earths is unsustainable.

05/23 1978

Comprehensive Comments According to statistics from Centennial Construction Network, as of March 20, the average price of comprehensive sand and gravel was 110.9 yuan/ton, a week-on-week decrease of 3.56%. Affected by the epidemic after the holidays, the recovery of downstream ma - DayDayNews

Comprehensive Comments According to statistics from Centennial Construction Network, as of March 20, the average price of comprehensive sand and gravel was 110.9 yuan/ton, a week-on-week decrease of 3.56%. Affected by the epidemic after the holidays, the recovery of downstream ma

Weekly review of national sand and gravel market conditions (03.13-03.20)

05/23 1279

The Sand Desert Dilemma Staff Reporter/Peng Danni published in the 922nd issue of China News Weekly on November 4, 2019 “I will do it or I will do it! In the past, we had to give gifts, so these people would give us the list, but now we have no materials. Give it to us, don't ta - DayDayNews

The Sand Desert Dilemma Staff Reporter/Peng Danni published in the 922nd issue of China News Weekly on November 4, 2019 “I will do it or I will do it! In the past, we had to give gifts, so these people would give us the list, but now we have no materials. Give it to us, don't ta

The price of sand has skyrocketed, and there is not enough sand. It is related to every square meter of the house we live in.

05/23 1499

The picture shows workers in the production workshop of Weifang Yuchuan Machinery Co., Ltd. using a molding machine and new carbon-free clay green sand to make casting shapes. Amidst the roaring sound of machinery, the sand molds on the production line trolley can be seen moving - DayDayNews

The picture shows workers in the production workshop of Weifang Yuchuan Machinery Co., Ltd. using a molding machine and new carbon-free clay green sand to make casting shapes. Amidst the roaring sound of machinery, the sand molds on the production line trolley can be seen moving

The world's leading new environmentally friendly sand material solves the problem of casting pollution

05/23 1572

After rising for three consecutive days, the Hang Seng Index rose first and then retreated today. The 22,000 level was gained and then lost. The Hang Seng Index opened 314 points higher this morning, but after rising above 22,000, selling pressure increased. In the afternoon, the - DayDayNews

After rising for three consecutive days, the Hang Seng Index rose first and then retreated today. The 22,000 level was gained and then lost. The Hang Seng Index opened 314 points higher this morning, but after rising above 22,000, selling pressure increased. In the afternoon, the

"Hong Kong Stock Summary" Hang Seng Index fell 22 points, China Mobile and mainland property stocks weakened, Sands rebounded more than 8%

05/23 1028