Micron Stock Jumps On Reports Samsung Memory Chip Output Hit By Covid Outbreak In China

Micron Technology ( MU ) – Get Micron Technology, Inc. Report shares jumped higher Wednesday following reports that its main rival in memory chip production has suspended operations at a key factory in China amid an accelerating Covid outbreak. Samsung Electronics is 'temporarily adjusted' operations at a manufacturing facility in Xi'an, which the government locked down last week amid a series of Covid infections that ripped through the western city of 13 million people.…

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