How Would the US Tax Bill Impact Micron’s Earnings?

As 2017 ended, President Trump signed the Tax Cuts and Jobs Act, which brought some significant changes to the US tax code for the first time in 30 years. On the other hand, the reform of a one-time repatriation tax of 15.5% on cash and an 8.0% tax on non-cash assets held overseas was disliked by the technology industry. While the tax reforms would overall have a positive impact on the technology sector, things may be different for Micron Technology (MU).