Micron Technology has reached a market capitalization exceeding $1 trillion, driven by rising storage prices and strong financial performance. The company's stock price surged 210% year-to-date in 2026, prompting UBS to raise its target price from $535 to $1,625.
Company stock surges as lobbying efforts target Chinese semiconductor rivals
Micron is actively lobbying the US Congress to pass the MATCH Act, which aims to tighten export restrictions on Chinese semiconductor equipment and technology. The proposed legislation specifically targets Chinese firms including Yangtze Memory Technologies (YMTC), ChangXin Memory Technologies (CXMT), and SMIC.
The company argues that current export controls are insufficient and seeks stricter bans, particularly regarding deep ultraviolet immersion lithography machines. The company is strengthening its position in the worldwide memory chip industry while navigating complex international trade dynamics.
The firm is advocating for stricter export controls at a time when it has achieved significant market valuation growth. Micron has consistently supported policies designed to restrict Chinese firms from obtaining sophisticated semiconductor production equipment.
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