Local Semiconductor Stocks Plunge with Rumors of Micron Handover to China

SEOUL, July 15 (Korea Bizwire) – After news of a Chinese state-owned company’s bid to take over US chipmaker Micron Technologies surfaced, Korean semiconductor makers like SK Hynix and Samsung Electronics saw painful losses to their share prices. On July 14, Samsung Electronics declined 3.24 percent to 1,225,000 won, marking the biggest daily loss since May 27, [...]