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Micron Receives Licenses to Do Business with Huawei, Suggests Recover in 2020, - Electronic Tech Devices
Micron Technology stated Wednesday it expected recovery next year after a “cyclical bottom” in Q2 2019, and that it had obtained all requested licenses to supply some products to its largest customer, Huawei Technologies Co Ltd. Shares of Micron rose approximately 4% in extended trading after its quarterly earnings beat Wall Street expects an uptick in demand for …