StocksMedium•12 October 2026•
1 min read
Micron and SK Hynix Shares Fall as China's CXMT Advances Memory Chip Design
Key Facts
1Micron and SK Hynix shares fell 4% and Western Digital dropped 2% following a Chinese rival's announcement of technical progress.
2China's CXMT flagged a denser server chip design targeting the industry's most profitable segments.
Micron and SK Hynix shares fell 4% and Western Digital dropped 2% following a Chinese rival's announcement of technical progress. Reuters reported that China's CXMT flagged a denser server chip design targeting the industry's most profitable segments.
MU closed at $1029 on October 9, 2026, while SKHY closed at $169.03 and WDC closed at $397.28 on the same date. This price action follows concerns over increased competition in the server memory market, as the new Chinese technology aims to improve storage density for data centers.