Micron Technology (MU) said Friday it has started production of more advanced computer memory chips at its fab in Manassas, Virginia.
The expansion project targets sectors like automotive, defense and aerospace, industrial, networking and medical devices, the company said.
Micron said the over $2 billion investment in the expansion of the Manassas fab will back more than 3,100 jobs and is supported by federal and state incentives.
Price: $755.16, Change: $-6.94, Percent Change: -0.91%
(Updates with OHB's response in the last paragraph.)KKR-backed (KKR) space company OHB and weapons manufacturer KNDS are considering moving their planned share sales to avoid a clash with SpaceX's (SPCX) initial public offering in the United States, Bloomberg reported Friday, citing people familiar with the matter.Both OHB and KNDS had plans to commence their offerings on June 12, the same day as the highly anticipated SpaceX IPO, the report said.The report stated that any potential delays in the share sales will be short.OHB declined to comment, while KNDS did not immediately respond to requests from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $95.30, Change: $+0.54, Percent Change: +0.57%
Futu Holdings (FUTU) said Friday that it has received an investigation notice and a preliminary administrative penalty warning from the China Securities Regulatory Commission regarding the online brokerage's mainland operations.The regulatory agency claims certain Futu entities have conducted unauthorized securities, public fund sales, and futures businesses without obtaining the required licenses, the company said.Authorities have proposed ordering the cessation of these activities along with a fine of 1.85 billion Chinese Renminbi ($271 million) for Futu and a 1.25 million Renminbi personal penalty for Futu's chief executive officer Li Hua, the company said.Shares of Futu were down 28% in recent Friday trading.Price: $87.35, Change: $-36.51, Percent Change: -29.48%
Microsoft (MSFT) blocked a new feature created by Databricks, a longtime partner, that makes it easier for its customers to connect information on its platform to Microsoft's Power BI, which provides companies with data visualizations of their operations, The Information reported Friday, citing two Databricks salespeople and consultants who work with customers.Microsoft blocked the feature weeks after Databricks began testing it in early March, which caused the reports that customers had built with it to immediately stop working, the salespeople and consultants reportedly said.The new feature made it easier for Power BI customers to manage their data and build AI agents in Databricks than through a competing data management offering from Microsoft, called Fabric, the report said, citing the salespeople.Microsoft did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $421.16, Change: $+2.07, Percent Change: +0.49%