(Bloomberg) -- Shares of Micron Technology are down 2 percent pre-market, after the Financial Times reported that Chinese authorities would deepen an antitrust probe into Micron and two other chipmakers, claiming ”massive evidence” of violations.
Western Digital Corp. fell 2.2 percent on 5,400 shares.
The probe is also looking into Samsung Electronics and SK Hynix. Last week, Bloomberg News reported that China’s anti-monopoly regulator had made progress in the investigation.
The report is the latest headwind for Micron, whose shares have plummeted almost 40 percent since a recent peak in May. Chipmakers have been under pressure lately, as they grapple with both trade-policy uncertainty between the U.S. and China, as well as weaker demand from companies such as Apple.
NOTE: Chip Bull Run Teeters as Nvidia, Applied Add to Gloom
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