MU Jun 2023 70.000 put
| Previous Close | 2.8200 |
| Open | 2.5000 |
| Bid | 1.3000 |
| Ask | 1.3700 |
| Strike | 70.00 |
| Expire Date | 2023-06-16 |
| Day's Range | 1.2400 - 2.6600 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 26.26k |
BloombergSouth Korea to Avoid Cashing In on China’s US Chipmaker Ban
(Bloomberg) -- South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, according to a person familiar with the situation. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Pax
ReutersU.S. 'won't tolerate' China's ban on Micron chips-Raimondo
The United States "won't tolerate" China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such "economic coercion," U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific Economic Framework talks that the U.S. "firmly opposes" China's actions against Micron.
Motley FoolMicron Technology Is Banned in China, but Should Investors Panic?
Micron Technology has some decent exposure to China, but, luckily for investors, the situation might not be as dire as it seems.
BloombergA Trader’s Guide to the US-China Chip Spat After Micron Ban
(Bloomberg) -- China’s decision to bar Micron Technology Inc.’s memory chips has escalated tensions with the US, fueling worries over what other technology firms Beijing may target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Paxton Impeached by Republican-Led State Hous
Yahoo FinanceWhy Nvidia's boom isn't a bubble: Morning Brief
Make no mistake, Nvidia has captured the imagination of Wall Street.
Yahoo Finance VideoNvidia stock soars on earnings, AI developments
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss Nvidia stock soaring amid the company's earnings report, other chip stocks, and AI development.
Motley Fool3 Red Flags for Micron Technology's Future
It has been a tough year for Micron (NASDAQ: MU). In the second quarter of fiscal 2023, which ended on March 2, Micron generated 74% of its revenue from DRAM chips and 24% of its revenue from NAND chips. Its sales of both types of chips have tumbled by double digits year over year over the past three quarters, while its adjusted gross margins turned negative in the second quarter.
- Reuters
China's Changxin Memory appoints CICC, China Securities for local IPO -sources
Chinese chip maker Changxin Memory Technologies Inc (CXMT) has appointed investment banks CICC and China Securities as sponsors for its planned domestic initial public offering (IPO), two people with knowledge of the matter said. CXMT, owned by state-backed parent Innotron Memory Co, is China's leading maker of DRAM memory chips. Bloomberg reported in April that CXMT's IPO would target a valuation of more than $14.5 billion.
ReutersWhite House says China's actions on Micron won't torpedo relations
China's move on Micron Technology Inc won't torpedo larger efforts to get U.S.-China relations into better position, White House spokesman John Kirby said on Wednesday, adding that Washington was engaged directly with Beijing. Kirby told reporters the Chinese government's recent ban on the U.S. chipmaker Micron over security concerns was clearly an attempt to undermine the Group of Seven (G7) nations' strong stance against economic coercion, coming just one day after the G7 issued its first-ever statement on the issue. He said the White House was communicating directly with the Chinese government, and said he did not expect the dispute over Micron to derail efforts by the White House for a more productive relationship with China.
- Reuters
UPDATE 1-White House says China's actions on Micron won't torpedo relations
China's move on Micron Technology Inc won't torpedo larger efforts to get U.S.-China relations into better position, White House spokesman John Kirby said on Wednesday, adding that Washington was engaged directly with Beijing. Kirby told reporters the Chinese government's recent ban on the U.S. chipmaker Micron over security concerns was clearly an attempt to undermine the Group of Seven (G7) nations' strong stance against economic coercion, coming just one day after the G7 issued its first-ever statement on the issue. He said the White House was communicating directly with the Chinese government, and said he did not expect the dispute over Micron to derail efforts by the White House for a more productive relationship with China.
BloombergChina’s Micron Ban Spurs Demands for Action From US Lawmakers
(Bloomberg) -- US lawmakers are urging Washington to strike back against China for its decision to bar Micron Technology Inc.’s memory chips, threatening to further inflame tensions between the two countries.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS AAA Credit Rating May Be Cut by Fitch on Debt-Limit ImpasseLul
The Canadian PressChina defends ban on US chipmaker Micron, accuses Washington of 'economic coercion'
BEIJING (AP) — The Chinese government on Wednesday defended its ban on products from U.S. memory chipmaker Micron Technology Inc. in some computer systems after Washington expressed concern, adding to strains over technology and security. The security review of Micron products was “conducted in accordance with the law," said a foreign ministry spokesperson, Mao Ning. The Cyberspace Administration of China on Sunday said Micron products have unspecified security risks but gave no details. It bann
Motley Fool3 Reasons the Market Yawned at China's Micron Ban
China said it would instruct companies not to buy memory chips from Micron, but Micron's stock wasn't much affected.
BloombergXi Says Russia, China Should Bolster Ties at Multilateral Groups
(Bloomberg) -- President Xi Jinping called on Russia to help bolster their countries’ ties at multilateral groups, as both nations seek to counter a US-led world order they’ve become increasingly isolated within.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFinancials Lead Stock Decline as Sentiment Sours: Markets WrapLula Lashe
Motley FoolHigh Inventory Levels and Sluggish Server Shipments Are a Persistent Problem for Memory Chip Stocks
Memory prices continue to decline even as memory companies like Micron Technology (NASDAQ: MU) decrease shipments. Want to learn more about what is impacting the memory market? Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say.
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.
ReutersFactbox-US-China tensions intensify over tech to Taiwan flashpoints
A U.S. lawmaker's demand for trade curbs on a Chinese memory chipmaker in response to China calling products from Micron Technology a national security risk is the latest escalation of tension between the big powers. The United States and China have been tussling over a range of issues, from Taiwan to technology, drawing their allies into their rivalry and having an impact on companies and trade ties. The United States has targeted Chinese companies across the technology sector, from export controls on semiconductor and artificial intelligence firms to a possible ban on short video app TikTok, owned by China's ByteDance, from the U.S. market.
- Reuters
China hits back at U.S. criticism of Micron ban
China's foreign ministry, responding to U.S. criticism of Beijing's ban on U.S. chipmaker Micron Technology, said the United States had included Chinese firms and individuals on all kinds of lists in the past and imposed restrictions. Foreign ministry spokesperson Mao Ning said such "economic coercion" was unacceptable, in response to a query on the United States saying China's ban on Micron was "not based in fact".
BloombergXi’s Micron Ban Shows His Limited Options to Hit Back at US
(Bloomberg) -- China’s move to ban Micron Technology Inc.’s products marked its most meaningful retaliation yet against US export controls. Now the question is whether President Xi Jinping will go after even bigger targets, risking blowback to his own economy.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Ready to Embrace Riskier Assets
ReutersChina's Micron ban 'not based in fact,' White House says
The Chinese government's recent ban on U.S. chipmaker Micron Technology over security concerns is "not based in fact," the White House said on Tuesday. The Biden administration is troubled by Beijing's recent actions and by raids targeting American firms, White House press secretary Karine Jean-Pierre told reporters. The White House is communicating its view to Beijing through the Commerce Department, she said.
- Reuters
UPDATE 1-China's Micron ban 'not based in fact,' White House says
The Chinese government's recent ban on U.S. chipmaker Micron Technology over security concerns is "not based in fact," the White House said on Tuesday. The Biden administration is troubled by Beijing's recent actions and by raids targeting American firms, White House press secretary Karine Jean-Pierre told reporters. The White House is communicating its view to Beijing through the Commerce Department, she said.
ReutersExclusive-US lawmaker demands action against Chinese chip firm CXMT after Micron
WASHINGTON (Reuters) -The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. The restrictions by China's cyberspace regulator against Micron are the latest in a widening trade dispute between the world's two largest economies. The move by China sparked tough language from key lawmakers and the White House.
- Reuters
US should sanction Chinese firm over Micron ban, House China panel chair says
The U.S. Commerce Department should add Changxin Memory Technologies (CXMT) to its entity list in response to a Chinese ban on the sale of chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. "The Commerce Department should also ensure no U.S.-export licenses granted to foreign semiconductor memory firms operating in (China) are used to backfill Micron, and our South Korean allies, who have experienced exactly this kind of CCP economic coercion firsthand in recent years, should likewise act to prevent backfilling," Representative Mike Gallagher said in a statement.
- Reuters
UPDATE 2-Top US senator, Biden administration work to address China's Micron chips ban
The U.S. Senate's top Democrat said on Tuesday he and President Joe Biden's administration were engaging allies and businesses to address China's ban on sales of memory chips made by U.S.-based Micron Technology Inc. The restrictions this week by China's cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute between the world's two largest economies. "The Chinese government's announced action against Micron is not based in fact and is a troubling use of economic coercion against the U.S.," Senate Majority Leader Chuck Schumer said.