By: Benzinga
December 18, 2013 at 12:14 PM EST
Shares of Micron Technology Fall Following Reports Of Competitor Investing In New Factory
Shares of Micron Technology (NASDAQ: MU ) were under extreme selling pressure following reports that a major competitor will build a new factory in South Korea. South Korean based SK Hynix Inc, the world's second-largest memory chip maker will invest 4 trillion won (approximately $3.8 billion) next year to satisfy
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