Micron Technology, Inc. (MU) to Stop Supplying Server Chips in China as Recovery Stalls

Group 1 - Micron Technology Inc. plans to stop supplying server chips to data centers in China due to a failure to recover from the Chinese government's 2023 ban on its products [2][3] - The company was the first to face pressure from the Chinese government in response to U.S. restrictions aimed at hindering the growth of the Chinese tech industry [2] - Despite the exit from the server chip market in China, Micron will continue to sell chips to Chinese customers with significant operations outside the country, as well as to customers in the automotive and mobile phone sectors in China [3] Group 2 - Micron Technology is a global leader in the semiconductor industry, primarily known for manufacturing memory and storage solutions such as DRAM and NAND flash SSDs [4] - These components are essential for various devices, including smartphones, PCs, data centers, and automotive systems, and enable technologies like artificial intelligence, 5G, and the Internet of Things (IoT) [4]