Why Micron Shares Are Diving
Portfolio Pulse from Henry Khederian
Micron Technology Inc's shares are trading lower due to weakness in semiconductor and chip stocks. This is reportedly due to Taiwan Semiconductor Manufacturing Company (TSMC) instructing its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty. This could potentially cause delays in the supply of critical components to companies like Micron, disrupting their production schedules and increasing costs.
September 15, 2023 | 5:41 pm
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Micron Technology's stock is trading lower due to potential supply chain disruptions caused by TSMC's decision to postpone the delivery of high-end chipmaking equipment. This could disrupt Micron's production schedules and increase costs.
Micron's stock is likely to be negatively impacted in the short term due to potential supply chain disruptions. TSMC's decision to postpone the delivery of high-end chipmaking equipment could cause delays in the supply of critical components to Micron, disrupting their production schedules and increasing costs.
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