Micron And The Chinese Dragon

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About: Micron Technology, Inc. (MU), Includes: HXSCF
by: Gold Panda
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Gold Panda
Gold, long only, Deep Value, long-term horizon
Summary

ChangXin Memory Technologies has become the first Chinese DRAM company to start mass production.

The addition of a fourth large player in the DRAM market could result in depressed prices for years and force consolidations in the industry.

I think that if ChangXin successfully bridges the technological gap and becomes a significant DRAM producer, this could lead to the merger of Micron with SK Hynix.

Introduction

Almost a year ago. I wrote an article covering Micron (NASDAQ:MU) and the issues of China's ambitious plans to enter the DRAM industry. My conclusion was that Fujian Jinhua Integrated Circuit (JHICC)