Micron Says China Ban Unfair, Won’t Hurt Earnings

摘要

Micron Technology Inc. said a ban on the sale of some of its products in China is unfair and won’t hurt its earnings.The preliminary injunction by the Fuzhou Intermediate People’s Court of the People’s Republic of China doesn’t cover technology that’s fundamental to its memory chips and therefore will only impact about 1 percent of its annual revenue, the Boise, Idaho-based company said in a statement.“The central government of China has often stated that the rights of foreign companies are fairly and equally protected in China,” Micron said in the statement. “Micron believes the ruling issued by the Fuzhou Court in Fujian Province is inconsistent with this proclaimed policy.”