According to CNBC Beijing time on July 5, Micron Technology confirmed on Thursday that it had received a preliminary ban from the Chinese Fujian court, prohibiting it from manufacturing and selling some products in China.
The US chip giant said that the impact of the affected products in the company's annual revenue is only 'slightly higher than 1%." It added that the ban will reduce its fourth-quarter revenue by about 1%, but still expect Revenue will be within the previously estimated range of $8 billion to $8.4 billion.
On July 3, the Fuzhou Intermediate Court ruled that it issued a 'prosecution ban' on Micron Technology, temporarily banned some of its flash memory SSDs and memory DRAMs from being sold in China. Although it is not the final verdict, it seems to imply that Micron does have any infringement.
It is reported that the Fuzhou Intermediate People's Court ruled on the 3rd that Micron Semiconductor Sales (Shanghai) Co., Ltd. immediately stopped selling, imported more than ten Crucial SSDs, memory modules and related chips, and deleted advertisements on the websites for the above products. , purchase links and other information.
At the same time, it also ruled that Micron Semiconductor (Xi'an) Co., Ltd. immediately stopped manufacturing, selling, and importing several memory products.
'Micron is disappointed with the judgment of the Fuzhou Intermediate People's Court. We firmly believe that these patents are invalid, and Micron's products do not infringe these patents. The Fuzhou court made this preliminary ruling before allowing Micron to have a chance to defend, 'Joel Poppen, senior vice president of law and technology, general counsel, said in a statement.
'The decision and other actions of the Fuzhou Court did not provide us with a fair hearing opportunity. Micron has a long-term successful business history in China, including an important assembly and test production facility in Xi'an, and is owned by many Chinese customers. A deep relationship. Micron will continue to actively defend these unfounded allegations of patent infringement , while continuing to work closely with customers and partners. '
Micron's share price fell 5.51% on Tuesday to close at $51.48. After Wednesday's National Day holiday, Micron's share price rose 3.63% to $53.35 before the market.
