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Unbelievable! Apple is actually eyeing Chinese storage chips.
The storage price hike has really pushed Apple to the edge, so much so that it is actively lobbying Trump to get approval to purchase DRAM chips from ChangXin. A few days ago, the entire product line saw price increases, directly wiping out 263 billion in market value. The cost pressure is simply unbearable.
Now global storage is basically monopolized by three US and Korean companies. Adding one more supplier means having one more lifeline. It all depends on whether this can get approved. #SKHYNIX $SKHYNIX