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China Bans Micron Chips and Meta's Fine

Bloomberg Tech

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Micron's Stock Rises 5% From Friday's Close

S&P moving up Mars lane by one-tenth of one percent clearly investors are waiting for any kind of progress on debt-silling negotiations. Micron has had a banner 2023 so far the memory chip maker had gained as much as 37% after giving indication that the industry has worked its way through most of the oversupply of chips but what happened today is that China said Micron's products failed to pass a cybersecurity review and that's led to a decision to ban Micron products other US chip makers are falling in sympathy.

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