secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0000723125-23-000034
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000034/0000723125-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312523000034/mu-20230616.htm
  HTML page:      https://secwatch.observer/filing/0000723125-23-000034

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