Why Micron Shares Are Falling

Micron Technology Inc MU shares are trading lower by 3.04% to $58.50 Monday morning on continued weakness following last week's report suggesting China's cyberspace regulator will implement a cybersecurity review on Micron's products in China.

What Happened?

Our Benzinga team last week reported China launched a cybersecurity review of Micron's export products to ensure the security of its information infrastructure supply chain, prevent network security risks and maintain national security.

China's move will further escalate its tensions with the U.S. after it issued an embargo on the Asian counterpart over its access to cutting-edge semiconductor technology. The U.S. has also been canvassing its global allies to join its efforts...Read More

According to data from Benzinga Pro, MU has a 52-week high of $78.18 and a 52-week low of $48.43.