US equities: Optical communication sector opens lower across the board, memory chip concept declines, Micron Technology down over 6%.

Odaily Planet Daily News According to MSX.COM data, US-listed memory chip concept stocks declined, with SanDisk and Micron Technology falling over 6%, and Western Digital and Marvell Technology dropping over 4%. ON Semiconductor fell over 17%, as the company plans to acquire chip design firm Synaptics in an all-stock deal worth $6.2 billion. The optical communication sector opened lower across the board. Lumentum and Coherent fell over 7%, Marvell Technology and Credo dropped over 5%, and Corning declined nearly 3%.