Micron says low-double-digit % of worldwide revenue at risk from China CII ban

MICRON TECHNOLOGY INC

CAC's May 21 conclusion continues to create uncertainty; Micron updates risk assessment.
Revenue from China HQ customers is ~25% of worldwide revenue.
Micron now believes ~half of that (low-double-digit % of worldwide) is at risk of impact.
Customers, including mobile OEMs, are being contacted by CII operators/government in China.
Micron expects increased quarter-to-quarter revenue variability; long-term goal to retain DRAM/NAND share.

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