Shares of Micron Technology Inc. MU, +0.46% fell 1.3% successful premarket trading Wednesday, aft the representation and semiconductor institution said it volition put $150 cardinal implicit the adjacent decennary successful representation manufacturing and probe and development. The investment, which could see U.S. fab expansion, is aimed astatine addressing request for memory, arsenic representation and retention presently correspond astir 30% of the semiconductor market. "Memory is astatine the starring borderline of semiconductor manufacturing and fuels everything from feature-rich 5G smartphones to the AI-enabled cloud," said Chief Executive Sanjay Mehrotra. "Micron's enactment successful some DRAM and NAND technologies and the spot of our roadmap alteration america to put much than $150 cardinal with assurance to widen our industry-leading representation innovation into the adjacent decade, and present differentiated products to our customers." Micron's banal has dropped 10.1% twelvemonth to day portion the PHLX Semiconductor Index SOX, +1.28% has climbed 21.0% and the S&P 500 SPX, +0.74% has precocious 20.3%.
Micron to spend $150 billion in 10 years on building out memory manufacturing, stock falls
Related
How we use Guest Posting as a Powerful Branding Tool
J.P. Morgan’s 2 Stock Picks With Over 80% Upside Potential
A 27-year-old truck driver just became Robinhood’s first big...
Rivian’s Stock Slide Deepens as Operating Chief Steps Down
Trending
Popular
Akamai adds new capabilities and tools for developers
Good News, Bad News on Alzheimer's Vaccine
Muḥammad ibn Mūsā al-Khwārizmī
Southern Baptist Convention Elects Ed Litton as New Presiden...
AHA News: U.S. Appears to Lose Ground in Controlling High Bl...
Our Premium News Networks
Press Release Power PR Wires
PR News Wire PR Business Wire
Florence News Europe News
Holland News Netherlands News
UK News San Francisco News
San Diego News San Antonio News
Real Estate News Phoenix News
Pennsylvania News Online News
New York News New York City News
Milwaukee News Miami Florida News
Memphis News Los Angeles News
Las Vegas News Education News
Business News Dallas News
Denver News Detroit News
Fort Worth News Houston News
Illinois News Indianapolis News
Jacksonville News Africa News
America News American News
Austin News Australia News
Baltimore News Charlotte News
Columbus News USA News
Canada News Ireland news
London News New York City News
Chicago News Houston News Buzz
Los Angles Newswire NYC 360 News
Charlotte Times 46 Columbus News Times
Dallas 360 News Denver Viral
Elpaso News Post Fort Worth 24 News
Phoenix News Buzz San Antonio News 360
Baltimore News Wire East Boston News
Lasvegas News Herald Memphis News Press
Nashville News Press The Oklahoma Times
Arlington Wire Atlanta News Plus
Miami News America Business News
Breaking Mesa News Fresno News Post
Omaha Newswire Raleigh News Today
The Long Beach News The Oakland News
The Tulsa Times Tucson News Plus
Wichita Newspaper Virginia News Press
South Africa Live News New York News
Sacramento News Post
South Minneapolis News
Hutchinson Kansas News
New Orleans News Plus
The Portland Times
Washington News Alert
San Diego News 24
Seattle Daily News Analysis
Albuquerque News Times
Baltimore Business News
Indianapolis 24 Wire News
Jacksonville News 24
Indianapolis Business News
America Education News
America Finance News
America Sports News
America Technology News
United States Of America News
San Francisco Daily 360
San Jose News Wire
Philadelphia Live News
Austin Prime Times
© Biphoo News Headlines 2024. All rights are reserved