Micron Shares Gain as Analysts See Higher Prices From Earthquake
This article is for subscribers only.
Micron Technology Inc. shares gained early Monday as the semiconductor maker could wind up benefiting from higher prices for DRAM memory products after an earthquake in Taiwan affected production.
A magnitude 6.2 earthquake struck 21 kilometers (13 miles) South Southeast of Yilan, Taiwan, on Sunday, according to the USGS. No deaths were reported, but buildings swayed, transportation was disrupted, and a woman was injured by falling rocks, the Associated Press reported.