Micron Technology Inc (NASDAQ:MU) shares are trading lower by 5.19% to $120.87 Wednesday morning. Semiconductor stocks are seeing a decline as reports suggest President Biden might implement additional restrictions on China. This comes alongside Republican nominee Donald Trump’s remarks about the China-Taiwan conflict during a Bloomberg interview. The sector’s performance is also impacted by weak guidance from ASML.
TSMC is a crucial foundry for many semiconductor companies, including those in the United States. While Micron manufactures a significant portion of its products internally, the general market dynamics influenced by TSMC’s business can impact Micron.
Trump’s comments about Taiwan taking “100% of our chip business” highlight the heavy reliance of the U.S. semiconductor industry on Taiwanese manufacturing. This dependency raises concerns about potential supply chain disruptions, especially amidst geopolitical ...
MU) Stock Is Falling>Full story available on Benzinga.com