Micron allowed to supply Huawei products

The company assures that the licenses will not have a significant impact on revenue over the coming quarters.
Commenting on the results of the past quarter, which turned out to be better than analysts’ expectations, a representative of the Micron Technology company management said that he expects recovery in 2020. In addition, he said that the company received all the requested licenses for the supply of its products to the Chinese company Huawei Technologies.

This makes it possible “to provide support for certain products and to prepare new products for Huawei’s mobile and server companies.” However, the company assures that the licenses will not have a significant impact on revenue over the coming quarters.

A greater effect will have an increase in demand for memory chips after the slowdown.

The company predicts revenue of $ 4.5-4.8 billion for the current quarter (it has the second quarter of fiscal year 2020).

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