Micron Technology Plans Major US Expansion And Eyes Malaysia For HBM Production To Compete With SK Hynix And Samsung: Report
Portfolio Pulse from Benzinga Neuro
Micron Technology Inc. (NASDAQ:MU) is planning a significant expansion of its high-bandwidth memory (HBM) chip production in the U.S. and is considering manufacturing in Malaysia. This move aims to capture a larger share of the AI chip market, currently dominated by SK Hynix and Samsung. Micron's stock has seen a significant rise, reflecting investor optimism.
June 20, 2024 | 2:26 am
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Micron Technology is expanding its HBM chip production in the U.S. and considering Malaysia for manufacturing to compete with SK Hynix and Samsung. This move aims to capture a larger share of the AI chip market.
Micron's expansion in HBM chip production is a strategic move to capture a larger share of the growing AI chip market. The company's stock has already seen a significant rise, indicating positive investor sentiment.
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