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Global technology stocks staged a recovery after US chipmaker Micron reported bumper quarterly profits, interrupting a sell-off that had unsettled markets earlier in the week.
The results from one of America's most closely watched memory chip manufacturers gave investors a cleaner read on demand conditions across the semiconductor supply chain.
For a sector already on edge from the recent downturn, Micron's performance offered evidence that chip buyers are still placing meaningful orders.
What Micron Actually Makes — and Why Its Earnings Move Markets Micron is a US-based producer of memory chips, the components that store and retrieve data in everything from smartphones and laptops to data-center servers.
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