US Stock Market Move | Micron Technology, Inc. (MU.US) rises nearly 4% as the world's three largest memory chip giants join hands to "restrict sales" to prevent downstream hoarding.

On Friday, Micron Technology, Inc. (MU.US) rose nearly 4%, reaching $452.89, with its stock price hitting a new all-time high during the day. It is reported that the top three global memory chip giants are taking rare measures to curb customer hoarding behavior. In the face of continuing supply shortages, Samsung Electronics, SK Hynix, and Micron have started to strengthen their review of customer orders, requiring disclosure of end-user and order volume information to ensure the authenticity of demand and to prevent excessive hoarding from further disrupting the market. Currently, inventory levels among the memory giants have fallen to historic lows, with SK Hynix's DRAM inventory sharply decreasing year-on-year in the fourth quarter of last year. Samsung's DRAM inventory has also dropped to about six weeks of supply, only about half of the normal 10-12 week level. The three companies have tightened their order requirements and implemented stricter monitoring of customer purchasing behavior. This move underscores the severity of the current imbalance in the memory chip market supply and demand.