Micron Technology (NASDAQ:MU) plans to stop supplying server chips to data centers in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, Reuters reported.
Micron was the first U.S. chipmaker to be targeted by Beijing – a move that was seen as retaliatory for a series of curbs by Washington aimed at impeding tech progress by China’s semiconductor industry.
Micron will, however, continue to sell to two Chinese customers who have significant data center operations outside China, one of which is laptop maker Lenovo (OTCPK:LNVGY), the report said.
The U.S. company, which made $3.4 billion, or 12% of its total revenue, from mainland China in its last business year, will also continue to sell chips to auto and mobile phone sector customers in the world’s second-largest economy, one person said.
