Micron Stock Falls 5.1% on Memory Chip Capacity Expansion Concerns, July 13

MU-1.19%
SK Hynix-15.36%
SKHY-0.98%
SKHYV-0.98%
Micron Technology (MU-US) stock fell 5.1% in premarket trading on July 13, as investors worried about competitors' aggressive capacity expansion plans potentially driving down hardware prices and cutting profits. SK Hynix dropped over 8% in premarket trading. Samsung Electronics plans to accelerate construction of its Ryongryong semiconductor park in Korea, with production expected to start one to two years earlier in 2029. According to South Korea's Ministry of Industry, Samsung and SK Hynix have committed to investing approximately $536 billion to build a new chip manufacturing center in southwestern Korea. Separately, Micron raised its U.S. investment plan from $200 billion to $250 billion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments