Update: SK Hynix, Micron Shares Fall Pre-Bell Amid Reports of CXMT's Breakthrough in Chip Development

MT Newswires Live10-14

(Updates with SK Hynix's response in the fourth paragraph.)

SK Hynix (SKHY) and Samsung shares were down on Tuesday after China's CXMT claimed a breakthrough in DRAM technology, media outlets reported Tuesday.

Micron Technology's (MU) shares also fell after the Chinese company claimed a breakthrough with a new 4F2 data center chip design slated for launch by year-end, the reports said.

SK Hynix fell more than 4%, while Micron retreated more than 2% in pre-bell activity.

In a statement emailed to MT Newswires, SK Hynix said it does not comment on competitors' issues.

Micron, Samsung and CXMT did not immediately respond to MT Newswires' requests for comment.

Price: 150.70, Change: -6.36, Percent Change: -4.05

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