Micron Says Smartphones Are Not Included In Percentage Range For Impact Expected
Portfolio Pulse from Benzinga Newsdesk
Micron Technology (MU) clarified that smartphones are not included in the percentage range for the impact expected from the ongoing chip shortage.

May 22, 2023 | 12:21 pm
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Micron Technology's clarification on smartphones not being included in the impact percentage range for the chip shortage may ease investor concerns.
Micron Technology's statement clarifies that smartphones are not included in the impact percentage range for the ongoing chip shortage. This may ease investor concerns about the company's exposure to the smartphone market and its potential impact on the stock price. However, the overall chip shortage still affects the industry, and it is unclear how this clarification will affect the stock price in the short term.
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