Micron Technology (MU) shares fell by more than 11% to 796.46 on Tuesday. [claim:1]
The decline placed Micron Technology among the worst performers on the Philadelphia semiconductor index (SOX), which comprises the 30 largest chip stocks traded in the United States. [claim:2]
11%
Single-day drop in Micron Technology stock
The stock's downward trajectory is leading toward its worst monthly drop in 11 years. [claim:3]
Investor concerns regarding China's domestic supply of chips and manufacturing tools are driving the decline in Micron's stock. [claim:4]