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

December 30, 2021
Source: thestreet.com thestreet.com
News Snapshot:
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. According to multiple media reports, Xi'an accounts for around 40% of Samsung's NAND, or flash memory chip output, and 15% of total global production. Micron could...
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Tags: China | chip | chips | Covid-19 | data | facility | factory | flash | Gadgets & Electronics | government | IT | manufacturing | media | Micron | mobile | Pandemic | PCS | production | report | Samsung | semiconductor | share | shares | supply chain | technology

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