Micron Technology (MU) announced that Fuzhou Intermediate People’s Court in China has forbidden the company from selling its products in China. Micron’s rival United Microelectronics Corp (NYSE: UMC) reported about the court’s decision on July 3. Today, Micron stated that this ban would result in about 1% fall in its revenue for the fourth quarter. … Continue reading Chinese Court forbids Micron from selling its chips in China