Micron shares slide as Chinese CXMT unveils denser memory chip design
Micron's stock fell about 3% to $998.15 after ChangXin Memory Technologies announced a new high-density server memory chip.
Micron Technology saw its shares drop roughly 3% to $998.15 in Monday trading following news that China's ChangXin Memory Technologies plans to launch a server memory chip using a 4-F square architecture by year-end. The announcement has rattled memory-sector equities worldwide and marks Micron's third consecutive losing day.
Why it matters
The development heightens competition in high-density memory chips, which could reshape pricing and market share for leading manufacturers.
In this story
micronchangxin memory technologiescxmtmemory chip4f square designstock declineserver memorysemiconductor competitionmarket impact
