Micron restarts chip shipments to Huawei
US-based chip manufacturer Micron has resumed shipments to Huawei. The company determined that a subset of its products could still be shipped to Shenzhen since they are not subject to export administration regulations, Micron Chief Executive Sanjay Mehrotra said in a briefing with investors.
He clarified due to the uncertainty of the whole trade situation, volumes or time periods are unable to be predicted.
Micron, based just outside the city of Boise, Idaho, suspended shipments to Huawei on May 15 when the US government added Huawei to a list of companies banned from trading with US companies. Huawei was Micron’s top customer and the ban cost the company around $200 million in missed sales.
However, with the help of its own lawyers and external attorneys, the chip maker found a way to go around the embargo. Micron did not work with other chipmakers or the US government - it simply found a way how to alleviate the sanctions that apply to goods that have 25% or more of US-originated technology or materials.
