Micron Warns China Could Flood Memory Chip Market

Shares of Micron Technology (NASDAQ: MU) fell 2% on Monday after CEO Mark Durcan warned that China could flood the memory chip market within the next few years — if it follows through on its plans to build its domestic semiconductor industry. During an event in Taipei promoting the merger of Micron and Taiwanese chipmaker Inotera Memories, Durcan stated that if China spends “the money that they say they are capable of spending, they can create oversupply.” He also stated that it was “absolutely” a concern for the industry. …read more

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