Information Provided By:
Fly News Breaks for July 5, 2018
UMC, MU
Jul 5, 2018 | 07:17 EDT
Goldman Sachs analyst Mark Delaney notes that UMC (UMC) issued a press release announcing that the Fuzhou Intermediate People's Court of the People's Republic of China issued a preliminary injunction against Micron (MU) enjoining Micron from offering to sell and selling 26 DRAM and NAND related items including certain SSDs and memory sticks in China. But shortly after the UMC press release, Micron said it had not received any preliminary injunction, and it would not comment further until reviewing the court documents. The analyst believes the impact of the lawsuit on Micron's fundamentals is difficult to evaluate but the company's filings suggest to him that this latest news could potentially be a material negative to Micron.
News For MU;UMC From the Last 2 Days
There are no results for your query MU;UMC