Micron CEO: We’re Still Selling to Huawei

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Oversupply in global DRAM and NAND markets, along with Trump’s ban on export’s to China’s Huawei hit Micron particularly hard this quarter, with what CEO Sanjay Mehrotra described as an “unprecedented confluence of events” causing DRAM revenue to fall 45 percent year-over-year.

The Boise, Idaho-based company, which provides DRAM, SDRAM, flash memory, SSD and CMOS image sensing chips, told investors on a Micron earnings call that without the Huawei ban it would have hit the higher end of its guidance; sales to Huawei account for 13 percent of its revenues.

After closely reviewing the ban, it has resumed some

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