Micron Technology Stock Drops Amid SK Hynix's $13 Billion Investment in New Memory Chip Plant
ByAinvest
Wednesday, Jan 14, 2026 3:48 am ET1min read
MU--
Micron Technology's stock fell 2% after SK Hynix announced a $13 billion investment in a new memory chip packaging and testing plant. The new plant will focus on high bandwidth memory (HBM) chips crucial for AI accelerators. SK Hynix expects the HBM market to grow 33% annually from 2025 to 2030.
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