Micron Shares Fall After Chipmaker Halts Shipments to Huawei

(Bloomberg) — Micron Technology Inc. shares fell after the largest U.S. chipmaker said it recently halted shipments to China’s Huawei Technologies Co.

Micron also cut capital spending plans, warned about weaker demand from some corporate customers and forecast possible oversupply in a key market next year.

Shares of the company dropped 3.6% in extended trading on Tuesday. The stock is down almost 6% for the year, while the benchmark Philadelphia Semiconductor Index is up more than 20%.

In a presentation, Micron said it halted shipments to Huawei on Sept 14. The Chinese tech giant has been hit recently by more U.S. government action designed to cut it off from suppliers.



a man wearing a suit and glasses: Key Speakers At Techonomy 2018 Conference


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Key Speakers At Techonomy 2018 Conference

Sanjay Mehrotra

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Photographer: David Paul Morris/Bloomberg

Chief Executive Officer Sanjay Mehrotra said Huawei is Micron’s biggest customer and it will take time to make up for lost orders. The company’s

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TikTok Gets Reprieve As Judge Halts Trump Download Ban

TikTok won a last-minute reprieve late Sunday as a US federal judge halted enforcement of a politically charged ban ordered by the Trump administration on downloads of the popular video app, hours before it was set to take effect.

District Judge Carl Nichols issued a temporary injunction at the request of TikTok, which the White House has called a national security threat stemming from its Chinese parent firm’s links to the Beijing government.

The opinion was sealed, so no reason for the decision was released in a brief order by the court in Washington. The judge may unseal portions of the order after consulting with lawyers from both sides.

The Trump administration order had sought to ban new downloads of the app from midnight (0400 GMT Monday) but would allow use of TikTok until November 12, when all usage would be blocked. The judge denied TikTok’s request to suspend the

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Judge temporarily halts Trump administration’s TikTok ban

A U.S. federal judge on Sunday partially granted TikTok’s preliminary injunction against a Trump administration order to ban downloads of the app, though more sweeping restrictions are still on track to take effect in November.

In his order, Judge Carl Nichols of the United States District Court for the District of Columbia said the temporary relief does not cover a pending service shutdown “at this time,” reports The New York Times.

“We’re pleased that the court agreed with our legal arguments and issued an injunction preventing the implementation of the TikTok app ban,” a spokesman for TikTok told the publication following news of the decision. “We will continue defending our rights for the benefit of our community and employees. At the same time, we will also maintain our ongoing dialogue with the government to turn our proposal, which the president gave his preliminary approval to last weekend,

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Judge halts Trump administration ban on TikTok downloads

A judge granted a preliminary injunction to video-sharing app TikTok on Sunday, blocking a ban on new downloads in the US that would have gone into effect at midnight. US District Judge Carl Nichols issued his decision just after 8PM ET, but his opinion has been sealed, pending review by the two sides’ attorneys.



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Attorneys for TikTok argued Sunday morning during a dial-in hearing that a ban by the Trump administration would be “devastating,” and urged a judge to block it until the entire case can be decided. TikTok’s attorney said the ban that would prevent new downloads of TikTok from Apple and Google’s app stores at 11:59PM ET today was essentially “shutting down speech.” But the government’s lawyers argued that First Amendment claims by TikTok don’t apply, because the Trump administration considers the app a national security risk.

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U.S. Judge Halts Trump’s TikTok Ban, Hours Before It’s Set To Start : NPR

In this photo illustration a mobile phone screen displays TikTok logo in front of a keyboard.

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In this photo illustration a mobile phone screen displays TikTok logo in front of a keyboard.

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A federal judge on Sunday temporarily blocked President Trump’s TikTok ban, granting a temporary reprieve to the wildly popular video-sharing app.

During a telephone court hearing on Sunday, lawyers for TikTok argued that Trump’s clampdown infringed on free speech and due process rights.

John Hall, an attorney for TikTok, argued that the app, with some 100 million American users, is a “modern day version of the town square” and shutting it down is akin to silencing speech.

Judge Carl Nichols of the U.S. District Court for the District of Columbia, responded by halting the ban, which was set to kick in at midnight Sunday.

The

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Apple halts fee on Facebook paid online events

Apple will no longer collect a 30% fee on Facebook’s paid online events.


James Martin/CNET

For the remainder of 2020, Apple will stop collecting a 30% App Store tax for Facebook’s paid online events feature, which is geared toward helping small businesses make money during the coronavirus pandemic. On Friday, Facebook said businesses can now keep all their earnings from paid online events, minus applicable taxes, until Dec. 31. 

Facebook Pay will be used to process all paid online events purchases, which means businesses and creators won’t have to pay that 30% App Store tax through the rest of the year. 

“This is a difficult time for small businesses and creators, which is why we are not collecting any fees from paid online events while communities remain closed for the

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