Tariffs/Trade
US House China committee Chair urged the Trump admin to ban US companies from buying memory chips from CXMT and YMTC, FT reports
StockNow breaking-news AI analysis
A proposed ban on CXMT and YMTC chips could curb China's growing market share, benefiting firms like Micron while complicating supply chains for companies like Apple amid AI-driven memory shortages.
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In a letter to Commerce Secretary Lutnick, the chair said Chinese chips would create “an unacceptable risk for US national security, economic security and supply chain security... leading Chinese memory manufacturers are all closely intertwined with the Chinese military" THE
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