SK Hynix, Micron Shares Fall Pre-Bell Amid Reports of CXMT's Breakthrough in Chip Development
MT Newswires Live
4 hours ago
SK Hynix (SKHY) and Samsung shares were down on Tuesday after China's CXMT claimed a breakthrough in DRAM technology, media outlets reported Tuesday.
Micron Technology's (MU) shares also fell after the Chinese company claimed a breakthrough with a new 4F2 data center chip design slated for launch by year-end, the reports said.
SK Hynix fell more than 4%, while Micron retreated more than 2% in pre-bell trading activity.
SK Hynix, Micron, Samsung and CXMT did not immediately respond to MT Newswires' requests for comment.
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.