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Why Micron Technology Stock Was Up Strongly Today

·2-min read
Why Micron Technology Stock Was Up Strongly Today
In this article:
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  • MU
  • UMC

Shares of Micron Technology (NASDAQ: MU) were up as much as 6% Wednesday, although it finished the day up only about 1.4%, still well ahead of the market in a volatile trading session. On Nov. 25, Micron and the Taiwanese semiconductor foundry United Microelectronics (NYSE: UMC) reached a settlement in a long-standing intellectual property dispute. To settle the claim by Micron that UMC stole secrets and leaked them to a Chinese customer, UMC agreed to make an undisclosed one-time payment to Micron.

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