Micron Shares Drop as China’s CXMT Plans Second Beijing Chip Plant
China’s CXMT is considering a new memory-chip factory in Beijing using IPO funds, putting pressure on Micron and SK Hynix as it aims to double production capacity.
China’s CXMT is considering a new memory-chip factory in Beijing using IPO funds, putting pressure on Micron and SK Hynix as it aims to double production capacity.
Leveraged selling and SK Hynix’s earnings miss wiped $2 trillion from South Korean stocks in two days of record market declines.
Oversubscribed 7x amid surging AI demand for HBM chips.
The company poured the first concrete at its Clay, New York site, marking the start of the largest semiconductor project in U.S. history.
Investors fear the AI rally may be peaking.
The president has also favorably mentioned Micron, Intel, AMD, Hewlett Packard Enterprise, and several other publicly traded companies since beginning his second term in the White House.