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It's the first time the Chinese government has banned a US chipmaker, as it claims that Micron's products have "serious network security risks." The government did not offer any details.
NAND flash chipmakers including Samsung Electronics, SK Hynix, and China's Yangtze Memory Technologies (YMTC) are considering raising their quotes, according to sources at memory module makers.
South Korean President Yoon Suk-yeol left for the US on Monday for a visit during which he is anticipated to face greater US coercion to serve Washington's strategy to contain China, particularly in the chip sector.
The United States asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans memory chipmaker Micron Technology from selling chips, the Financial Times reported on Sunday.
Taiwan-based DRAM chipmaker Nanya Technology said the company is still under pressure to limit output growth amid oversupply in the memory industry.