Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6548
    +0.0025 (+0.38%)
     
  • OIL

    84.25
    +0.68 (+0.81%)
     
  • GOLD

    2,354.60
    +12.10 (+0.52%)
     
  • Bitcoin AUD

    98,000.84
    +1,125.40 (+1.16%)
     
  • CMC Crypto 200

    1,389.79
    -6.75 (-0.48%)
     
  • AUD/EUR

    0.6105
    +0.0032 (+0.53%)
     
  • AUD/NZD

    1.0989
    +0.0031 (+0.29%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,124.93
    +46.07 (+0.57%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    18,078.29
    +161.01 (+0.90%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Micron Has a China Problem

Micron Has a China Problem

Memory-chip manufacturer Micron (NASDAQ: MU) is already dealing with the worst industry downturn in more than a decade. Micron posted a whopping $2.3 billion loss, its largest ever. In a case of extremely bad timing, China's Cyberspace Administration has told operators of crucial information infrastructure in China to stop purchasing products from Micron.