Micron Technology Shares Drop 17% Following Chip Sector Selloff and Taiwan Plant Halt
Shares of Micron Technology (MU) experienced a significant decline on Thursday, falling more than 17% to close at $656.39. The stock lost approximately $138.84 in value during the session, marking a sharp downturn for the memory and storage manufacturer. The selloff was driven by broader volatility within the semiconductor sector alongside specific concerns regarding a production halt at one of the company's plants in Taiwan. This combination of industry-wide pressure and localized operational disruptions contributed to the steep loss in market capitalization.
Tickers: $MU
Topics: memory products semiconductors stock price decline
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