RESOLVING THE LEDGER
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Micron (NASDAQ: MU) stock tumbled 5.5% in the first five minutes of trading Monday after tech news site WCCTech reported the Trump Administration has decided to permit Apple (NASDAQ: AAPL) to purchase memory chips from Chinese suppliers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC).
Image source: Micron.
Respectively, CXMT is a maker of low-cost DRAM chips, while YMTC manufactures NAND. Micron produces both kinds of memory chips. According to WCCTech, the DRAM and NAND that Apple might source from China would only be used in Apple products sold in China.
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