Micron Falls as China Adds a 24-Gigabit Memory Challenger
GuruFocus·
- Micron shares declined 1.4 % to $1,080.47 after China's CXMT announced mass production of its fifth-generation DRAM platform featuring 24-gigabit LPDDR5X chips.
- The new CXMT process claims to yield at least 50 % more gross dies per wafer, potentially increasing cost competition in mobile memory.
- Investors remain watchful regarding usable chip yields, customer volumes, and Micron's performance in premium AI memory amid valuation gaps.
