US Department of Commerce to Release Semiconductor Security Probe Findings, Impacting Micron Technology

The US Department of Commerce is set to release findings from a probe into semiconductor imports within two weeks, potentially impacting Micron Technology (MU) and other industry players. Analysts forecast an average one-year target price of $142.66, representing a 28.22% upside from the current price of $111.26. Micron's average brokerage recommendation is 2.0, indicating "Outperform" status. The estimated GF Value for Micron in one year is $169.00, suggesting a 51.9% upside from the current price.

The US Department of Commerce is expected to release the findings from a probe into semiconductor imports within the next two weeks. This probe, initiated under Section 232 of the Trade Expansion Act of 1962, aims to assess potential threats to national security due to the reliance on foreign-made chips. The results of this investigation could significantly impact publicly traded semiconductor companies, including Micron Technology (MU), AMD, Intel, Marvell, Microchip, Micron, Nvidia, Qualcomm, and Texas Instruments.

Commerce Secretary Howard Lutnick announced that the probe findings will be released in two weeks, stating that the investigation is a key reason behind the European Union's efforts to negotiate a broader trade agreement. The probe's outcome is expected to form the basis for announcing tariffs on chip imports, which could disrupt global trade and have significant implications for the technology sector.

Analysts forecast an average one-year target price of $142.66 for Micron Technology, representing a 28.22% upside from the current price of $111.26. The average brokerage recommendation for Micron is 2.0, indicating an "Outperform" status. The estimated GF Value for Micron in one year is $169.00, suggesting a 51.9% upside from the current price.

The probe comes amid a series of aggressive trade actions by the Trump administration, which has already implemented tariffs on steel, aluminum, and autos. The potential tariffs on semiconductor imports could further disrupt global trade and have significant implications for the technology sector. The U.S. heavily relies on chips imported from Taiwan, a situation that former Democratic President Joe Biden sought to reverse by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the United States.

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References:
[1] https://stocktwits.com/news-articles/markets/equity/semiconductor-stocks-on-radar-as-lutnick-says-us-probe-into-chips-imports-to-drop-2-weeks/choeikdR5D0
[2] https://www.ainvest.com/news/commerce-secretary-announces-week-timeline-semiconductor-imports-probe-results-2507/
[3] https://www.ainvest.com/news/riley-securities-raises-mirion-technologies-price-target-22-00-2507/
[4] https://www.ainvest.com/news/micron-technology-stock-drops-stargate-project-delays-ai-infrastructure-challenges-2507/