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Apple Eyes Chinese Memory Chips to Lower Hardware Production Costs

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Memory chipmakers tumbled following reports that the Trump administration may allow Apple to source memory chips from Chinese suppliers CXMT and YMTC.
  • While memory stocks suffered sharp declines, access to Chinese suppliers provides Apple with cost advantages and diversified supply chain flexibility.
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