Micron shares are trading higher following a report suggesting the company will likely get $1.5 billion from Japan for next-gen chips. Also, the company announced it will bring EUV technology to Japan.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology's shares are trading higher after reports suggest the company will receive $1.5 billion from Japan for next-gen chips and plans to bring EUV technology to the country.
May 18, 2023 | 2:09 pm
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POSITIVE IMPACT
Micron Technology's stock is trading higher due to the expected $1.5 billion investment from Japan for next-gen chips and the introduction of EUV technology in Japan.
Micron Technology is directly mentioned in the article, and the news of receiving a $1.5 billion investment from Japan for next-gen chips and bringing EUV technology to Japan is expected to have a positive impact on the company's stock price in the short term. The news is highly relevant and important for investors in Micron Technology, and the confidence in this analysis is high.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100