• 2
  • 1
  • Favorite

Movement Alert|Micron Technology Falls 4.61% in Regular Trading, Taiwan Plant Halt Adds to Semiconductor Pressure

Market Focus11-05 22:37

On November 5, Micron Technology fell 4.61% in Regular Trading, trading at $742.835 per share, with turnover of $3.871 billion.

The clearest catalyst in the latest market updates was a report that Micron halted construction work on its planned Fab 11E memory plant in Taoyuan, Taiwan, amid a labor dispute over compensation.

Available reports said the project carried a budget of about $3 billion to $4.5 billion and was targeted to start operations in 2028, producing high-bandwidth memory and DRAM chips. The dispute followed an October agreement with Micron's larger union that some employees are reportedly seeking to overturn, raising the risk of delays to the company’s AI memory capacity expansion plan. The stock’s weakness also coincided with a broader semiconductor selloff, with AMD, Intel, TSMC, Marvell, and NVIDIA all lower in the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment(1)

  • lil jer
    ·11-06 00:02
    EVERYONE HODL means no freefall! if you panic sell you lock in losses
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24