- Micron (NASDAQ:MU) experienced an outage at a DRAM fab in Taiwan that lasted a little over an hour, according to TrendForce via a Wells Fargo analyst note.
- The fab represents nearly 10% of the global DRAM production capacity, which means the outage could tighten industry supply and benefit spot pricing.
- Separately, Digitimes reports that DRAM memory spot prices will soon rally due to increasing end-market demand, citing sources at memory module companies.
- Micron shares are up 2%. Semi equipment stock Lam Research (NASDAQ:LRCX), which relies on Micron for over 10% of its annual revenue, is up 2.4%.
- Previously: Micron stock gains 3% after raising FQ1 outlook ahead of today's fireside chat (Dec. 01 2020)