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Micron Shares Drop Amid Antitrust Suit, SK Hynix Listing

7/2/2026

50 9 Full Breakdown

Summary

Micron Shares Drop

Micron Technology’s shares fell after profit-taking and a late-June antitrust lawsuit despite Q3 fiscal 2026 earnings of $41.5 billion revenue and $25.11 EPS.
The lawsuit alleges Micron, Samsung and SK Hynix reduced DDR3/DDR4 output to push customers toward higher-cost high-bandwidth memory.
SK Hynix plans a mid-July Nasdaq ADR listing with a $29 billion stock sale, prompting investors to shift funds from Micron.

Summary

Lee Backs AI

President Lee Jae-myung called the SK Hynix-Samsung AI investment drive a political win to boost growth.
The government announced a national semiconductor ecosystem project that allocates 800 trillion won from Samsung and SK Hynix.
SK Hynix will build AI data centers nationwide, starting with 5 GW capacity and later expanding to 15 GW.
Investor Michael Burry warned the massive AI-focused spending could be “the beginning of the end” for returns.

History

Historical Context

In 1995 the U.S. Justice Department forced Samsung and SK Hynix to pay $500 million each in a $1.5 billion DRAM price-fixing settlement, setting a precedent for antitrust action. By 2018 the market had narrowed to three major players—Micron, Samsung and SK Hynix—who now face a DOJ suit alleging coordinated DDR3/DDR4 output cuts. The case echoes the 1990s collusion pattern as regulators consider multibillion-dollar penalties.

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Micron Shares Drop

Micron Technology’s shares fell after profit-taking and a late-June antitrust lawsuit despite Q3 fiscal 2026 earnings of $41.5 billion revenue and $25.11 EPS.
The lawsuit alleges Micron, Samsung and SK Hynix reduced DDR3/DDR4 output to push customers toward higher-cost high-bandwidth memory.
SK Hynix plans a mid-July Nasdaq ADR listing with a $29 billion stock sale, prompting investors to shift funds from Micron.

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