Tag: $Micron Technology

Micron Technology MU +0.40% shares were headed lower in late trading Wednesday after the memory chip company posted weak financial results for the latest quarter but provided revenue guidance that topped Wall Street estimates.

FRANKFURT (dpa-AFX) – In a friendly market environment for European technology stocks, shares of Infineon and Aixtron stood out on Wednesday. While Infineon gained 3.2 percent to 37.60 euros, Aixtron rose 4.6 percent to 29.60 euros. They benefited from a positive analyst comment. The industry heavyweights STMicroelectronics and ASML also made significant gains.

Shares of Asian chipmakers rallied on Thursday after Micron Technology’s bullish outlook overnight, which indicated the sector’s supply glut may finally be easing.

In the years before China declared U.S. firm Micron Technology’s products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed.

China’s cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc (MU.O) had failed its network security review and it would bar operators of key infrastructure from buying from the company.