Share prices of Micron Technology (NASDAQ: MU) are up 22% over the last five years, down 40% from their all-time high in early 2022, and up 26% in 2023. Along that timeframe, it's been a volatile couple of years, but these swings go with the territory in the memory chip market. Micron is dealing with the worst industry downturn in 13 years.
Beijing launches national security probe in retaliation against Washington’s curbs on semiconductor access
(Bloomberg) -- Beijing opened a new front in the escalating semiconductor battle between the the US and China, launching a cybersecurity review of imports from America’s largest memory-chip maker, Micron Technology Inc. Most Read from BloombergVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaTrump Faces Fingerprints, Mug Shot After Dramatic Indictment