NasdaqGS:WDCTech
Western Digital (WDC) Gains On New US Curbs On Chinese Memory Chips
Western Digital (NasdaqGS:WDC) shares moved higher after the US government moved to restrict domestic tech firms from buying conventional memory chips from Chinese suppliers.
The new policy is aimed at reducing reliance on Chinese memory producers and is seen as supportive for US-based memory and storage companies.
Memory and storage stocks broadly rallied on the announcement, with investors focusing on potential long-term supply and pricing advantages for US firms.
The move highlights the...