Core Viewpoint - Micron Technology plans to exit its data center server chip business in China while continuing to supply chips to two major Chinese clients with significant data center operations outside of China [1][2]. Group 1: Business Operations - Micron's revenue from mainland China was approximately $3.4 billion, accounting for 12% of its total global revenue in the last fiscal year [1]. - The company will maintain its sales of chips to the automotive and smartphone sectors in the Chinese market [1]. - Micron's data center business has been impacted by scrutiny from Chinese authorities, but the company asserts compliance with applicable regulations [1]. Group 2: Market Impact - China's investment in data centers surged ninefold in 2023, reaching 24.7 billion RMB, creating opportunities for local storage companies like Yangtze Memory Technologies and Changxin Memory Technologies [2]. - Micron's cloud storage business (CMBU) generated $4.543 billion in revenue, a 213.5% increase, with HBM products being among its most profitable [2]. Group 3: Employment and Restructuring - Micron has over 300 employees in its data center team in China, but the impact of the business adjustment on job positions remains unclear [4]. - The company previously initiated layoffs in China, particularly in the mobile NAND product department, due to prolonged market weakness [4]. - Other multinational tech companies, including IBM, Microsoft, and Amazon, have also adjusted their operations in China this year [4].

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