Apple Tests Chinese Memory Chips to Ease AI-Driven Supply Crunch
AAPL sits 45% above its 52-week low of $216.58.
Summary
Apple is testing memory chips from China's CXMT for iPhones and MacBooks, aiming to diversify supply amid soaring AI-driven memory costs. The move follows Apple's recent 15-25% price hikes on Macs and iPads, directly blamed on memory shortages. Talks are early, and any deal would need White House approval given CXMT's Pentagon blacklisting. Even if approved, CXMT's capacity is maxed out this year, limiting near-term relief. The news signals Apple is actively seeking alternatives to dominant suppliers like Micron and Samsung, but regulatory and capacity hurdles mean no quick fix.
At the time of this announcement, AAPL was trading at $313.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.6T. The 52-week trading range was $216.58 to $344.57. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.