MU stock was trading at $55.36 as of 11:33 AM EDT
Quarterhill’s (OTCQX:QTRHF) business Wi-LAN and the subsidiaries of Quarterhill’s (MU) business have signed a licensing and settlement agreement. As part of the agreement, Innovative Memory Solutions, North Star Innovations, and Cetus Technologies, which are all wholly owned subsidiaries of Wi-LAN, gave the semiconductor maker permission to use their patents. The patents mostly deal with memory semiconductor technologies.
The agreement also says that all patent disputes with Micron Technology (NASDAQ:MU) in China and the US will be settled and dropped. The license fees Micron must pay and every other clause of the license agreement have been kept private. In the premarket, MU stock is down 1.28%.
MU stock (NASDAQ:MU) attracted a lot of interest due to a significant price swing on the NASDAQGS over the past few months, rising to US$65.04 at one point and down to US$48.88 at other times. Some changes in the share price may present investors with a better opportunity to purchase the shares and perhaps do so for less money.
How Much is MU Stock Worth?
Looking at the actual stock value, the company remains overpriced on the stock market at US$53.03, or by 25%. The high volatility of Micron Technology’s stock price means it could drop soon, providing us with another opportunity to invest.
If you’re an investor trying to increase your portfolio, the stock’s forecast for the future is a crucial consideration when you’re considering buying it. Even though value investors say that intrinsic value in relation to price is what matters most, a stock with high growth potential and a low price would be a better investment. But since a very negative double-digit change in profits is expected over the next couple of years, growth in the near future is definitely not a reason for a buyer to buy. At least in the near term, it appears that there will be a lot of uncertainty for Micron Technology.
Japan Will Provide $320 Million To Micron (MU Stock) To Manufacture Advanced Chips
Featured Image- Megapixl @ Michaelvi
Author Jowi Kwasu 
