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Micron denies report of significant production interruption

Published 07/05/2017, 07:43 AM
© Reuters.  Micron denies report of significant production interruption
MU
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  • Micron Technology (NASDAQ:MU) refutes a TrendForce report saying an incident at a Taiwanese factory significantly interrupted the memory chipmaker’s production.
  • TrendForce’s channel checks said there was a nitrogen leak at the facility that forced parts scrapping that would affect about 5.5% of the global DRAM production capacity this month.
  • Micron denied a nitrogen leak and says, “There was indeed a minor facility event but operations are recovering speedily without material impact to the business.”
  • Micron shares are up 0.24% premarket.
  • Now read: Is It Time To Buy Micron On Weakness?


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