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Micron stock dives as China reportedly blocks sales, other chip stocks join in fall
Half of memory chip maker’s revenue believed to come from mainland ChinaBloomberg NewsMicron Technology Inc. has reportedly been temporarily banned from selling chips in China. Fireworks came early for shares of Micron Technology Inc. on Tuesday, following a report that a Chinese court had blocked sales in China of memory-chip products from the Boise, Idaho-based company. Shares are still up 25% for the year, compared with a 3.6% rise in the PHLX Semiconductor Index
SOX)*and a 1.5% gain in the S&P 500 index (^GSPC) .
https://finance.yahoo.com/m/0d320e1...e1/micron-stock-dives-as-china.html?.tsrc=rss
Half of memory chip maker’s revenue believed to come from mainland ChinaBloomberg NewsMicron Technology Inc. has reportedly been temporarily banned from selling chips in China. Fireworks came early for shares of Micron Technology Inc. on Tuesday, following a report that a Chinese court had blocked sales in China of memory-chip products from the Boise, Idaho-based company. Shares are still up 25% for the year, compared with a 3.6% rise in the PHLX Semiconductor Index
SOX)*and a 1.5% gain in the S&P 500 index (^GSPC) .https://finance.yahoo.com/m/0d320e1...e1/micron-stock-dives-as-china.html?.tsrc=rss
