Micron opposes Apple push to use Chinese memory chips

Seeking Alpha··Read original
4▲0 ▼1Impact / 5
Summary · why it matters

Micron is opposing an effort by Apple executives to convince the White House to let the tech giant use memory chips from China as a way to alleviate soaring memory costs. Executives from both companies have been lobbying top Trump administration officials recently, with Apple CEO Tim Cook speaking with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent about potentially using chips from ChangXin Memory Technologies and Yangtze Memory Technologies, though only in Apple products marketed outside the US. Apple noted the move could potentially lower prices for Americans. Micron CEO Sanjay Mehrotra has argued that allowing the Chinese chips would wreak havoc on the domestic memory industry, akin to how the US lost its edge in manufacturing and steel to China decades ago. The short supply of memory chips has caused prices to quadruple over the past year and will continue to increase, according to research firm TechInsights.

Impact on assets 3

Semiconductors▼ · 1 stocks
Micron Technology Inc
MU
▼ NegativeCompetitionrelevance

Micron opposes Apple's push to use Chinese memory chips, which could threaten its domestic market position.

Artificial Intelligence▲ · 1 stocks
Apple Inc.
AAPL
± MixedSupplyrelevance

Apple seeks to use Chinese memory chips to alleviate soaring costs, but faces opposition from Micron.

Others▲ · 1 stocks

Theme Impact 3

Off-coverage companies 2

Yangtze Memory Technologies Co. (YMTC)Private▲ Positive
Demandrelevance

Apple's effort to use YMTC's chips could open a major new customer, boosting demand.

TechInsights Inc.Private± Mixed
relevance

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