Micron Technology, Inc (NASDAQ: MU) stock is trading higher Friday, even with the U.S. on Thursday announcing a survey set for January 2024.
This survey, conducted by the Bureau of Industry and Security (BIS) under the Commerce Department, aims to scrutinize the U.S. semiconductor supply chain and national defense industrial base.
Its focus is evaluating and reinforcing the semiconductor supply chain, particularly addressing security concerns related to using and sourcing legacy chips manufactured in the People's Republic of China (PRC) in vital U.S. industry supply chains.
China has been a ...