Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Forget About 5G, China Says. We’re Already Developing 6G
Alibaba Sued by Home Appliance Maker Over E-Commerce Marketing
WeChat Pay Eyes Foreign Visitors in Race with Alipay
LATEST
Gree to Invest $290 Million in Another Chipmaker
China Raises Annual Rare Earths Quotas at Least 10%
Update: Alibaba’s ‘Double 11’ Shopping Gala Reaches New High as Hong Kong IPO Looms
‘Double 11’ Spending Boom Comes at Environmental Cost, Study Warns
Tencent’s Pony Ma Gallops Back Onto List of World’s Best-Performing CEOs
Two More Chinese Firms Downsize U.S. IPOs as Investor Interest Cools
The Sinister Side to China’s Most Successful Rural High School
Bank Regulator Denies Sweeping Plan to Merge of Troubled Small and Midsized Banks
Tencent Eyes U.S. Gamers Through Deeper Ties with Nintendo: Report
Government-Backed Report Points Finger at AI, Foreign Websites for Spreading ‘Misinformation’
China Mulls Further Electric-Car Subsidy Cuts
Caixin Summit: Don’t Abandon Traditional Industries While Encouraging New Technology, Renowned Researcher Says
Alibaba Increases Stake in Cainiao Network to 63% from 51%
China’s New NEV Battery Recycling Mandate Puts the Onus on Struggling Carmakers
Baidu CEO Robin Li Chirps Up Achievements Despite Quarterly Loss
Update: Alibaba Heads to Hong Kong — Finally
Vivo Chooses Samsung Chips for New 5G Phones
Didi Apologizes, Modifies ‘Sexist’ Hitch Relaunch Plan
New York Tech Company Charged With Selling Chinese Spy Equipment to U.S. Government
China’s Cabinet Lifts Foreign-Capital Limits in Sweeping Opening-Up Policy Statement
Micron Resumes Some Huawei Shipments Despite Trump Blacklist

By Bloomberg / Jun 26, 2019 10:46 AM / Business & Tech

Sanjay Mehrotra. Photo: Bloomberg

Sanjay Mehrotra. Photo: Bloomberg

Micron Technology Inc., the largest U.S. maker of computer memory chips, said it resumed some shipments to China’s Huawei Technologies Co., appearing to find a way around an export ban that threatens growth for the semiconductor industry.

Micron, which explained the decision Tuesday as it reported earnings, studied the export restrictions and determined “a subset” of products it sells to Huawei are not subject to the rules, Chief Executive Officer Sanjay Mehrotra said on a conference call. That sent stock surging as much as 11% in extended trading.

Micron was forced to halt shipments to one of its largest customers after the Trump administration banned Huawei from buying American technology. Micron makes chips used as the main memory in computers and as storage in mobile devices. Sales to the Chinese telecommunications company generate about 13% of Micron’s annual revenue, according to data compiled by Bloomberg.

Read all of Caixin's Huawei coverage here.

Share this article
Open WeChat and scan the QR code