Micron Technology Inc. MU, -0.76% shares fell Tuesday following a report that a Chinese court blocked the sale of memory products from the chipmaker in China. Micron shares fell 6.6% to $50.87 in recent trading, after touching an intraday low of $50.10. On Tuesday, Taiwan's United Microelectronics Corp. 2303, -0.19% said the China's Fuzhou Intermediate People's Court issued a preliminary injunction against Chinese subsidiaries blocking sales of "PRC 26 DRAM and NAND-related items", including certain solid-state hard drives and memory sticks. Micro said it had not received confirmation of the move. "Micron has not been served with the preliminary injunction referred to in the statements issued by United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. (Jinhua) dated July 3," a Micron spokesman said in an email Tuesday. "Micron will not be commenting further until the company has received and reviewed documentation from the Fuzhou Intermediate People's Court of China." The development comes following a probe from Chinese regulators into memory chip makers like Micron concerning the high price of memory products. China accounts for about a quarter of global memory chip demand. Micron stock has soared amid rising memory costs, with shares adding 74.2% in the past 12 months as the S&P 500 index SPX, +0.29% has gained 12.3%.