US stock market movement | Storage sector collectively weakens, Micron Technology (MU.US) drops over 4%

On the news front, on March 25, Micron Technology announced a full cash tender offer for any and all specified outstanding senior notes, involving several high-value notes such as $1 billion of 5.300% notes and $1 billion of 5.800% notes, raising market concerns about the company’s cash flow pressure. In addition, SK Hynix plans to purchase EUV equipment worth $8 billion and is considering a US listing, intensifying competition in the memory chip industry.