TradingKey – Shares of Micron Technology (MU) fell 3.88% on Monday to close at $989.04, marking a third consecutive session of losses and falling below the $1,000 mark. Technological progress by Chinese memory chip maker CXMT, along with market concerns over future memory price trends, is putting fresh pressure on the industry.

CXMT has reportedly made progress in new memory chip technology, advancing server memory products using a 4F² cell architecture and planning to launch them by the end of this year. The architecture aims to increase the amount of data stored per unit of chip area, which, if followed by stable mass production, could enhance its competitiveness in the server memory market.

Investors’ concerns regarding CXMT are…