Micron’s stock extends declines as China competition heats up

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Tech Stocks
Micron’s stock extends declines as China competition heats up
Even Elon Musk says Chinese memory-chip makers are catching up
Shares of Micron Technology fell Tuesday for the fourth session in a row as momentum was building for rivals in China.
Micron’s stock MU extended losses that were partly spurred by reports of China’s ChangXin Memory Technologies CN:688825 announcing progress on a technique to improve memory density on a single chip by fitting more memory cells into the same space. The company said a new product for server memory based on the 4F square cell architecture could launch later this year, according to the South China Morning Post.

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