|Bid||2.65 x 36100|
|Ask||2.86 x 45100|
|Day's Range||2.69 - 2.73|
|52 Week Range||2.29 - 3.14|
|PE Ratio (TTM)||17.61|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.74|
UMC will offer cost effective licensing of embedded 28nm non-volatile MRAM macros to its foundry customers
Partnership enables UMC to develop and manufacture products utilizing Invensas DBI and ZiBond technologies
Stock Research Monitor: OLED, VECO, and BRKS LONDON, UK / ACCESSWIRE / July 23, 2018/ If you want a free Stock Review on UMC sign up now at www.wallstequities.com/registration . WallStEquities.com presents ...
A Chinese court has barred Micron Technology (MU) from selling some of its products in China for the time being, according to a July 4 Wall Street Journal report. This decision comes as the trade war is intensifying between the United States and China. China and the United States are poised to impose new tariffs on tens of billions of dollars of each other’s products.
Micron Technology (MU) stock has been on a roller coaster ride since US-China trade tensions escalated. On Tuesday, July 3, the stock fell 5.5% after the announcement that a Chinese court has temporarily banned Micron’s chip sales in China in a patent infringement lawsuit. Micron estimates that the ban won’t hurt its quarterly revenue more than 1% of its annual sales, which brought a sigh of relief to Micron investors and was reflected in the stock price.
has been caught in the middle of the U.S.-China trade war, what does the escalation of tensions between Chinese and U.S. chip makers mean for DRAM prices? said the Fujian province court issued a preliminary injunction against Micron preventing the sale of a number of solid state drives and memory sticks, according to a press release on July 3. Given the market position of Micron, which supplies nearly a quarter of global DRAM, a permanent injunction against its products in China could easily spike DRAM prices.
Micron Technology on Thursday said a China court injunction to halt sales of some of its memory chips in the country would impact "slightly more than 1%" of the company's annual revenue.
The firm's estimate that the ban imposed by a Chinese court in a patent infringement lawsuit would weaken quarterly revenue by just 1 percent drove its shares as much as 3.6 percent higher and lifted stocks of other U.S. chipmakers. Shares in the sector had been shaken on Tuesday by the first reports of the ruling, which added to a growing list of intellectual property disputes between Washington and China in the technology sector. Micron said the ruling by a Fuzhou Court in a lawsuit filed by rivals United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co temporarily bans it from selling some memory chips and solid state drives in China.
Micron Technology Inc on Thursday played down the likely impact on its business of a temporary Chinese ban on some chip sales but said it would appeal a decision that has added to U.S.-China trade tensions. The firm's estimate that the ban imposed by a Chinese court in a patent infringement lawsuit would weaken quarterly revenue by just 1 percent drove its shares as much as 3.6 percent higher and lifted stocks of other U.S. chipmakers. Shares in the sector had been shaken on Tuesday by the first reports of the ruling, which added to a growing list of intellectual property disputes between Washington and China in the technology sector.
The growing trade conflict with China has, at least for a time, made a big tech stock cheaper than Ford (NYSE:F). The price-to-earnings multiple of Micron (NASDAQ:MU), the Boise-based maker of memory chips, fell to 5.16 on July 3 after a Chinese court, playing jiu-jitsu on intellectual property, ruled that it stole designs from a Chinese rival seen as a conduit into China for its own patents.
Chipmaker Micron Technology Inc. ( MU) has confirmed a ban in China regarding the manufacturing and selling some of its products in the country, yet indicates that affected products represent just slightly more than 1% of annual sales. On Thursday, Micron indicated that a preliminary injunction by a court in China that bans its Chinese subsidiaries from doing some business in the country will hurt its current fiscal fourth-quarter revenue by roughly 1%.
Indeed, it doesn't look as if the ban will do major short-term damage either, given that Micron stated on Thursday morning the products account for just slightly over 1% of its annualized revenue. This column has been updated from July 3rd to mention Micron's official response to the Chinese court's ruling. Micron shares fell 5.5% on Tuesday after a court in the Chinese city of Fuzhou slapped a preliminary injunction on the company's sale of 26 DRAM and NAND flash memory products within China.
Inc., America’s largest memory-chip maker, is challenging a Chinese court decision that temporarily halted the sale of some of its products in the country. Micron said Thursday that a Chinese court in the Fujian Province temporarily stopped the sale of certain Crucial and Ballistix-branded memory modules and solid state drives, which make up slightly more than 1% of the company’s total annual revenue. Corp., accused Micron in January in China of making products that violate their separate patents.
The S&P 500’s top losses on July 3 were: Micron Technology (MU) declined 5.51%. Lam Research (LRCX) declined 3.35%. Qorvo (QRVO) declined 3.32%. Interpublic Group of Companies (IPG) declined 3.04%. W.W. Grainger (GWW) declined 2.79%. Micron Technology
stock was hit by a news event, and as other semiconductor names have been suffering with trade tariff expectations, I thought it was a good time to revisit my panic point in this name. My panic point, and point of replenishment, for Micron had been $52. The level had been flirted with last week, but by Tuesday morning, one might have thought that Micron was out of the woods.
The Street is mulling the disclosure Tuesday that Micron Technology's (MU) chips have temporarily been banned in China. Micron a short while ago provided a statement about the matter, stating that two of its subsidiaries in China were notified by the Fuzhou Intermediate People's Court, Fujian Province, that the court "has granted a preliminary injunction against those entities in patent infringement cases filed by United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. (Jinhua)." Micron has been in a legal battle with Taiwan-based, United Microelectronics since December, when Micron sued United, alleging theft of secrets, following which UMC sued Micron for patent infringement.
Shares of Micron Technology Inc. (mu) slipped 0.5% in active premarket trade Thursday, but pared earlier sharp losses, after Stifel Nicolaus analyst Kevin Cassidy said China's blocking of sales of the company's memory-chip products could be a buying opportunity. Micron's stock had tumbled 5.5% on Tuesday, after Taiwan's United Microelectronics Corp. (umc) said China's Fuzhou Intermediate People’s Court issued a preliminary injunction against Micron's Chinese subsidiaries blocking sales of "PRC 26 DRAM and NAND-related items." Cassidy said the lack of details of the injunction--what patents were infringed, what are the injunction terms, which Micron devices and what percent of Micron's China revenue--suggests China's goal may be to push Micron toward partnering with China semiconductor foundries.
A Chinese court temporarily stopped America’s largest memory-chip maker, Micron Technology Inc., from selling a range of products in China, two rival manufacturers said, escalating a battle the companies are waging over allegations of trade-secrets theft and patent infringement. The patent ruling Tuesday in favor of Micron’s rivals comes as U.S. accusations of intellectual-property theft by Chinese businesses and tariff threats feed tensions between Washington and Beijing. State-owned chip maker Fujian Jinhua Integrated Circuit Co. and its Taiwanese partner, United Microelectronics Corp., accused Micron in January in China of making products that violate their separate patents.
TAIPEI/SHANGHAI (Reuters) - A Chinese court has temporarily barred Micron Technology Inc (MU.O) from selling its main semiconductor products in the world's biggest memory chip market, citing violation of patents held by Taiwan's United Microelectronics Corp (UMC) . The ruling, which was disclosed by UMC and its state-backed Chinese partner, slammed shares of Idaho-based chipmaker Micron, which gets half of its revenue from China. The ban comes amid an escalating trade spat between Washington and Beijing that is spurring China to accelerate its goal of developing its own domestic chipmakers to curb the heavy reliance on U.S. firms like Micron and Qualcomm Inc (QCOM.O).