Micron Solutions, Inc. (MPM.F)
| Previous Close | 0.4260 |
| Open | 0.8850 |
| Bid | 0.6100 x 0 |
| Ask | 1.0100 x 0 |
| Day's Range | 0.8850 - 0.8850 |
| 52 Week Range | 0.4260 - 2.7400 |
| Volume | |
| Avg. Volume | 0 |
| Market Cap | 4.249M |
| Beta (5Y Monthly) | 0.31 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.4000 |
| Earnings Date | Nov 13, 2023 - Nov 17, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
ReutersChipmaker Micron beats on demand from booming AI, easing glut
(Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and an easing supply glut in its traditional PC and smartphone markets. "The recent acceleration in the adoption of generative AI is driving higher-than-expected industry demand for memory and storage for AI servers, while traditional server demand for mainstream data center applications continues to be lackluster," CEO Sanjay Mehrotra said. "We believe the current memory industry inventory correction is now behind us," said Summit Insights Group managing director Kinngai Chan.
ReutersHouse lawmakers urge US to rally allies over China Micron ban
The Republican chairmen of two House of Representatives panels on Friday urged President Joe Biden's administration to rally U.S. allies including Japan and South Korea to defeat Chinese "economic aggression" in the wake of Beijing's effective ban on purchases of Micron Technology memory chips. Michael McCaul, who heads the House Foreign Affairs Committee, and Mike Gallagher, chairman of the House select committee on the Chinese Communist Party, sent a letter to U.S. Commerce Secretary Gina Raimondo urging the administration to take action after China targeted the biggest U.S. memory chip maker.
ReutersChina was reducing Micron chip purchases years before ban
In the years before China declared U.S. firm Micron Technology's products a national security risk, authorities were already scaling back purchases of its chips, opting instead for domestic or South Korean options, documents showed. A Reuters review of over a hundred public government tenders found that while previously Chinese government authorities regularly put out purchase requests for Micron's chips for use in projects such as tax systems to surveillance networks, such requests dried up dramatically from 2020. Instead, the bulk of memory chip purchases from such entities have gone to domestic firms including Huawei Technologies, server maker Inspur as well as surveillance giants Uniview and Hikvision.
