financetom
Business
financetom
/
Business
/
Market Chatter: Micron Plans China Server Chips Business Exit; Shares Down Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Micron Plans China Server Chips Business Exit; Shares Down Pre-Bell
Oct 17, 2025 2:51 AM

05:35 AM EDT, 10/17/2025 (MT Newswires) -- Micron Technology ( MU ) intends to stop supplying server chips to Chinese data centers following the business' failure to recover from a 2023 government ban on its products in critical infrastructure in that market, Reuters reported Friday, citing two people briefed on the decision.

The company will continue to sell chips to laptop maker Lenovo and another Chinese customer, which both have notable data center operations outside of China, according to the report. Micron will also continue selling chips to companies in the automobile and cell phone sectors in that market, Reuters reported, citing one of the sources.

The company didn't immediately respond to MT Newswires' request for comment.

Its shares were down 3.5% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US customs agency says it cannot comply with tariff refund order
US customs agency says it cannot comply with tariff refund order
Mar 11, 2026
WILMINGTON, Del., March 6 (Reuters) - The U.S. Customs and Border Protection agency is unable to comply with a court order directing it to refund tariffs that the Supreme Court has ruled illegal, the agency said in a court filing with the U.S. Court for International Trade on Friday. ...
BRIEF-Micware Co Ltd Sees US IPO 3,750,000 American Depositary Shares
BRIEF-Micware Co Ltd Sees US IPO 3,750,000 American Depositary Shares
Mar 11, 2026
March 6 (Reuters) - * MICWARE CO LTD - SEES US IPO 3,750,000 AMERICAN DEPOSITARY SHARES - SEC FILING * MICWARE CO LTD - IPO PRICE RANGE EXPECTED TO BE $7.00-$9.00 PER ADS - SEC FILING * MICWARE CO LTD - APPLIES TO LIST ADSS ON NASDAQ GLOBAL SELECT MARKET UNDER SYMBOL MWC - SEC FILING * MICWARE CO., LTD...
Robinhood's $658 million private markets fund for retail investors goes public
Robinhood's $658 million private markets fund for retail investors goes public
Mar 11, 2026
March 6 (Reuters) - Robinhood debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday, offering retail investors a rare chance to invest in high-profile, privately held technology companies. Private company investments have long been the playground of Silicon Valley's biggest venture capital firms, with retail investors largely shut out of the booming market where...
BP seeks at least $3.7 billion from Venture Global arbitration, filing says
BP seeks at least $3.7 billion from Venture Global arbitration, filing says
Mar 11, 2026
LONDON, March 6 (Reuters) - BP is seeking at least $3.7 billion from its arbitration win against Venture Global ( VG ) in a case concerning liquefied natural gas (LNG) cargoes, Venture Global's ( VG ) annual report shows. The remedies sought by BP include damages ranging from $3.7 billion to potentially in excess of $6.0 billion, as well as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved