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Micron shares fall following announcement of new chip design by China's CXMT

Investor's Business Daily +2 ·

MU Micron Technology Inc
$989.04 -3.88%
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SKHY -4.02%
  1. 1ChangXin Memory Technologies announced progress on a new chip design.
  2. 2Micron shares fell approximately 3% during Monday trading.
  3. 3CXMT shares recorded a 466% increase during its trading debut in July.

So what's the key point?

China's CXMT announced a new chip design. Following this news, Micron's share price fell by about 3%.

Source Investor's Business Daily +2 · View original ↗

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