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Micron Stock Slumps as CXMT Expands and Apple Tests Chinese Memory Chips

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Source: Yahoo Finance
Micron Stock Slumps as CXMT Expands and Apple Tests Chinese Memory Chips
Photo: Yahoo Finance
TL;DR

Micron stock fell about 3% as China’s ChangXin Memory Technologies (CXMT) plans a Beijing facility expansion, potentially pressuring DRAM pricing, while Apple has been testing CXMT memory chips, signaling rising Chinese competition in the memory market.

Topics:businessmarkets#apple#changxin-memory-technologies#cxmt#markets#memory-chips#micron-technology
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