U.S. Chipmaker Micron Says Half of Revenue From China Firms Impacted By Failed Security Review

What’s new: U.S. chipmaker Micron Technology Inc. said about half of its revenue from China-headquartered firms, which equates to a “low-double-digit percentage” of its global revenue, is at risk of being impacted by its failure to pass a cybersecurity review by the Chinese government.

In a filing Friday with the U.S. Securities and Exchange Commission, the company said the impact “continues to remain uncertain and fluid,” and that certain critical information infrastructure operators or government representatives in China are contacting several of Micron’s customers about the future use of its products.