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Micron Has a China Problem

Micron Has a China Problem

Memory-chip manufacturer Micron (NASDAQ: MU) is already dealing with the worst industry downturn in more than a decade. Micron posted a whopping $2.3 billion loss, its largest ever. In a case of extremely bad timing, China's Cyberspace Administration has told operators of crucial information infrastructure in China to stop purchasing products from Micron.