Market Chatter: Apple May Buy Chinese Memory Chips Despite US Request

MT Newswires Live08-17

Apple (AAPL) may defy a request by the Trump administration and buy memory chips from China, which it is already testing, the Wall Street Journal reported Friday, citing people familiar with the matter.

US Commerce Secretary Howard Lutnick was cited by the Journal as saying the Trump administration opposed Apple's possible purchase of Chinese memory chips, the report said.

Apple has been testing memory chips made by China's CXMT and Yangtze Memory Technologies ahead of possibly using them for Apple devices sold in China, the report said, citing people familiar with the matter.

The Journal said Micron Technology (MU) has urged the administration to prevent Apple from using Chinese memory chips, while US lawmakers have also pressed Apple against the move.

Apple did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment