Scott Bessent & Micron Technology

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, praised Micron Technology's investment in Trump Accounts, highlighting the policy's potential to benefit millions of children. He is associated with the establishment of these accounts alongside Donald Trump.

Micron Technology: Micron Technology announced a $250 million investment in Trump Accounts, reinforcing its commitment to U.S. workforce development and semiconductor ecosystem. This initiative is expected to support up to one million children and complements its $200 billion investment in U.S. memory manufacturing and R&D.

Scott Bessent: Scott Bessent, the Treasury Secretary, received SEMI's letter and is one of the officials Apple Inc.'s CEO has been lobbying.

Micron Technology: Micron Technology, a member of SEMI, is one of the top three memory chipmakers that would be affected by government policies regarding the memory chip shortage.

Scott Bessent: Treasury Secretary, hinted at a deal with Iran to reopen the Strait of Hormuz.

Micron Technology: Experienced volatile trading but surged on strong AI demand. Stock remains up significantly for the year.

Scott Bessent: As Treasury Secretary, Bessent is one of the officials Apple has lobbied for approval.

Micron Technology: Micron is a major memory supplier that has lobbied against Apple's use of Chinese chips, fearing it could undermine domestic memory production. It could lose Apple's business if CXMT is adopted.

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.

Micron Technology: Micron Technology's stock dropped, tracking losses in tech shares and indicating a cooling of the AI boom's impact on semiconductor companies.

Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.

Micron Technology: Micron Technology>>> is mentioned as a US chipmaker, indicating the strong performance of the tech sector.

Scott Bessent: Treasury Secretary Bessent threatened economic isolation for Iran, adding to pressure.

Micron Technology: Micron's stock fell in premarket trading due to higher yields and risk-off sentiment.

Scott Bessent: As US Treasury Secretary, Scott Bessent>>> believes elevated yields and inflation are transient and will subside when the conflict ends and the Strait of Hormuz>>> reopens.

Micron Technology: Micron Technology>>> is mentioned as a US chipmaker, indicating the strong performance of the tech sector.