DRAM/Semi names are under pressure ahead of the open
Several factors are likely attributing to the weakness including:
- Disappointing Texas Instruments (TXN) qtr. The stock is leading the group lower this morning (now down 9%) following earnings. MU -2%, STM -3%, ON -3%, FCS -1.7%, NXPI -2.6%
- Reports out overnight indicate China expansion in the DRAM sector could increase competition and pricing.
{http://www.digitimes.com/news/a20150422PD200.html}
Subject >>> China said to increase efforts to establish its own DRAM industry - financia
Attached No Attachments