On Tuesday, Micron Technology, Inc. (NASDAQ:MU)’s shares inclined 3.81% to $14.18.
Micron Technology, Inc. (MU) declared it has reached a memorandum of understanding to grant Nanya Technology an option to license Micron 1x and 1y DRAM technologies. This new license agreement is in addition to Micron’s existing license agreement for 20 nanometer (nm) technology with Nanya.
“Micron and Nanya have enjoyed a strong relationship over the years, and this agreement extends our planned relationship while also providing further value to both companies and their shareholders,” said Micron CEO Mark Durcan.
Under the license agreements contemplated by the memorandum, in each case when Nanya exercises its option to license the 1x or 1y technology and subject to the satisfaction of certain conditions, Micron will receive an equity stake in Nanya and also royalties based on revenues from products implementing the technology—subject to an agreed cap. The new licenses are limited to a specific facility footprint, are subject to an overall quarterly cap on production, are not transferrable and terminate upon a change of control of Nanya. The new licenses do not impact the existing 20nm DRAM technology agreement between Micron and Nanya.
Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.
J C Penney Company Inc (NYSE:JCP)’s shares gained 1.78% to $7.16. J C Penney Company’s 52 week range of the stock remained $6.19 - $10.09, while its day lowest price was $7.04 and its hit its day highest price at $7.20. The company has total of 306.00 million outstanding shares. It has market cap of $2.15 billion.
J C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating. A
At the end of Tuesday’s trade, Starbucks Corporation (NASDAQ:SBUX)‘s shares surged 0.10% to $59.98. The company’s total market capitalization is $88.97 billion along with 1.48 billion shares outstanding. 52 week range of the stock remained $39.22 - $64.00, while its day lowest price was $59.97 and its hit its day highest price at $60.68. The beta of the stock stands at 0.76.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water.
