The semiconductor sector is taking a hit Monday, after China's government told some technology-product makers not to use memory chips made by Micron Technology Inc. MU, +0.89%, citing security risks.
Micron shares fell 6% in premarket trading Monday after China banned its chips. Beijing ruled that the semiconductor giant's products posed a national security risk.
Micron Technology Inc shares are around 5.4% lower in pre-market deals after China ruled its products posed “serious network security risks”. The Cyberspace Administration of China (CAC) on Sunday
The Global X MSCI Greece ETF GREK, -0.06% rallied 6% after an unexpectedly large victory for Greece's ruling conservative party, that nonetheless is likely to result in a run-off election.
China's cyberspace regulator told companies involved in critical information systems to stop buying Micron chips.
The Cyberspace Administration of China has banned all operators of “critical information infrastructure” from purchasing Micron's products.
Shares of its South Korean and Chinese rivals surged on Monday, some as much as up to 8% higher.
China has banned Chinese companies working on key infrastructure projects from buying products from US semiconductor manufacturer Micron, in a major escalation of an ongoing battle between the world's
China has banned some sales of Micron products after launching a probe into the American memory chip giant for cybersecurity risks in early April. The decision is widely seen as part of the tic-for-ta

China Bars Purchases of Micron Chips

10:04pm, Sunday, 21'st May 2023
China has delivered its latest salvo in its semiconductor battle with the US, barring the operators of key infrastructure from buying Micron chips after they failed a security review. John Liu reports
BEIJING — Stepping up a feud with Washington over technology and security, China's government on Sunday told users of computer equipment deemed sensitive to stop buying products from the biggest U.S
Stepping up a feud with Washington over technology and security, China's government on Sunday told users of computer equipment deemed sensitive to stop buying products from the biggest U.S. memory chi
Many analysts see the move as retaliation for Washington's efforts to cut off China's access to high-end chips.

Stocks This Week: Buy Micron

12:00pm, Sunday, 21'st May 2023
Micron is likely to be a leader in this S&P rally.
Seven major companies whose stocks moved on the week's news.
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