secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000723125-23-000026
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Micron discloses CAC cybersecurity review in China; issues $1.5B in senior notes
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- CAC notified Micron on March 31, 2023 of a cybersecurity review of products sold in China; Micron cooperating.
- Direct sales to China/HK were 11% and 5% of FY2022 revenue; adverse outcome could materially affect business.
- Offered $600M 5.375% notes due 2028 and $900M 5.875% notes due 2033 in a public offering.
- Net proceeds to partially repay senior term loan due Oct 2024 and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000026/0000723125-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000026/mu-20230411.htm
  HTML page:      https://secwatch.observer/filing/0000723125-23-000026

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