(Reuters) -Micron Technology said on Friday about half of its China headquarter customer revenue is “now at risk of being impacted” from China’s ban on sale of its memory chips to key domestic industries.
Shares of the company fell 3% on the news.
The impact to China headquarter revenue equates to a low-double-digit percentage of Micron’s worldwide revenue. The company had previously forecast a hit to total revenue in the low-single to high-single digit percentage.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)
