Apple Tests CXMT DRAM Chips Amid Geopolitical Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Source: CNBC
- Apple's Collaboration with CXMT: Apple has begun testing DRAM chips from China's state-owned ChangXin Memory Technologies (CXMT) to support devices for the Chinese market, a move that is particularly sensitive amid escalating U.S.-China tech competition.
- IPO Plans and Market Outlook: CXMT plans to raise at least 29.5 billion yuan ($4.3 billion) in an upcoming IPO, expected to become one of the most profitable tech companies to list in Shanghai, highlighting its significance in building a self-sufficient AI supply chain.
- Market Share Growth: As the world's fourth-largest DRAM producer, CXMT's market share is projected to rise from 11% last year to 15% by 2028, driven by new production lines coming online in Hefei, Shanghai, and Beijing, further solidifying its position in the global market.
- Industry Concerns and Competition: While CXMT's capacity is expanding, its output is largely pre-committed, raising concerns that it may replicate patterns seen in the solar and electric vehicle sectors, leading to falling global prices and squeezing profits for foreign competitors.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to fall
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 312.660
Low
239.00
Averages
306.89
High
350.00
Current: 312.660
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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