Micron, the largest US chip maker, saw its shares tumble the most in two months. The decline comes after the company's warning that operating costs are surging more than predicted. The stock price dropped 4.6%, its worst since september 28. As of monday's closing, it had risen 55% for the year, boosted by hopes that the chip sector recovered from a slump. Micron announced $990 million in adjusted operating expenditures for the quarter. That was higher than the market prediction of $900 million.

Micron's optimistic market view

India's cabinet on Tuesday to authorized Micron Technologies 2.7 billion dollar semiconductor testing and packaging plant that's used that was based on a Reuters report quoting a senior government Source now the Reuters saw said the government granted 110 billion rupees or 1.34 billion dollars in production linked incentives for the micron facility in Gujarat.

India approves Micron's $2.7 billion chip factory, ahead of PM Modi's US visit

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Micron's optimistic market view

India approves Micron's $2.7 billion chip factory, ahead of PM Modi's US visit