By Che Pan and Mrinmay Dey
Aug 28 (Reuters) - China's top memory chipmaker, ChangXin Memory Technologies, sued the Pentagon on Friday over being placed on a list of companies the ‌United States believes are aiding Beijing's military.
The Pentagon did not immediately respond to a ‌Reuters request for comment.
The company was designated a Chinese military company by the U.S. Defense Department under the Biden administration and was retained on the list by the Trump administration during a June update.
"CXMT is not affiliated with the Chinese military," the company said in the lawsuit. "CXMT designs, produces, and sells its DRAM chips for civilian and commercial use, not for military use," the company said.

#cxmt #administration

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).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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.
As such, this news isn't a global threat to Micron. It is, however, at least a threat to the company's market share in China, and perhaps in other countries to which China might ship Apple products, should those start to filter out.
Not everyone thinks it's time to press the panic **** on. In a note on StreetInsider.com this morning, Lynx Equity Research **** yst KC Rajkumar says calls for investors to sell Micron are an "overreaction," citing concerns about the quality of Chinese wares and the inability of CXMT and YMTC to scale production sufficiently to meet Apple's needs.

#memory

Good morning. The Nasdaq and S&P 500 opened in the red as chip stocks came under pressure and investors awaited a new sanction campaign against Iran and a breakdown in US-Canada trade talks.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) stocks led the S&P 500 (^GSPC) lower, echoing declines in Asian markets overnight. Memory chip makers Sandisk (SNDK) and Micron (MU) saw sharp drops following rumors over the weekend that the Trump administration could allow Apple (AAPL) to source chips from China's CXMT.
Consumer staples stocks (XLP) were the best performers in early trading.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: ****** eX (SPCX), Sandisk (SNDK), Alibaba (BABA), Marvell (MRVL), SK Hynix (SKHY), Applied Optoelectronics (AAOI), and Lam Research (LRCX).

#trading

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).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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.
As such, this news isn't a global threat to Micron. It is, however, at least a threat to the company's market share in China, and perhaps in other countries to which China might ship Apple products, should those start to filter out.
Not everyone thinks it's time to press the panic **** on. In a note on StreetInsider.com this morning, Lynx Equity Research **** yst KC Rajkumar says calls for investors to sell Micron are an "overreaction," citing concerns about the quality of Chinese wares and the inability of CXMT and YMTC to scale production sufficiently to meet Apple's needs.

#chips

Good morning. The Nasdaq and S&P 500 opened in the red as chip stocks came under pressure and investors awaited a new sanction campaign against Iran and a breakdown in US-Canada trade talks.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) stocks led the S&P 500 (^GSPC) lower, echoing declines in Asian markets overnight. Memory chip makers Sandisk (SNDK) and Micron (MU) saw sharp drops following rumors over the weekend that the Trump administration could allow Apple (AAPL) to source chips from China's CXMT.
Consumer staples stocks (XLP) were the best performers in early trading.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: ***** eX (SPCX), Sandisk (SNDK), Alibaba (BABA), Marvell (MRVL), SK Hynix (SKHY), Applied Optoelectronics (AAOI), Lam Research (LRCX).

#stocks #trading #NASDAQ

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg published a lengthy letter on August 10 making the case that artificial intelligence should be spread broadly rather than controlled by a handful of companies or governments. He also announced that Meta will start releasing open-source AI models again.
Around the same time, the Wall Street Journal reported on August 9 that Apple Inc. (NASDAQ:AAPL) has been testing memory chips from China's CXMT for use in iPhones and MacBooks as the company hunts for ways to ease a costly memory supply crunch.
Zuckerberg's letter, ****** led "The Future is for Everyone: The Path to a Positive AI Future," argues that no single company or government should end up holding all the power that comes with superintelligent AI. It frames Meta's mission of putting the technology directly in people's hands as a safeguard against that outcome. To back that up, Meta Platforms, Inc. (NASDAQ:META) released the open-weight Muse Glimmer model on Monday, a 30-billion-parameter system small enough to run on a single consumer GPU, with plans to open the weights on Muse Spark 1.2 soon.
Apple's problem is a lot more concrete. Memory chip costs linked to growing AI demand have already forced the company to raise prices globally. CXMT, now the most valuable company listed in mainland China at a $520 billion market cap, could offer some relief, though U.S. export rules keep Apple Inc. (NASDAQ:AAPL) from ordering custom chips. Any deal carries real political risk, as per WSJ.
Does spreading AI power around, as Meta argues, actually help solve a very real problem like the chip shortage squeezing Apple right now?

#open #platforms

Computer hard-drive manufacturer Western Digital (NASDAQ: WDC) stock jumped a lucky 7% through 11:25 a.m. ET Monday -- and has Donald Trump to thank for it.
Over the weekend, Trump Commerce Secretary Howard Lutnick told The Wall Street Journal the Trump administration "is not in favor" of Apple (NASDAQ: AAPL) buying high-bandwidth memory (HBM) from Yangtze Memory Technologies and CXMT in China, and would prefer Apple buy from manufacturers reshoring semiconductor manufacturing to the United States instead.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
What does this have to do with Western Digital, which doesn't make HBM, but rather old-tech hard disk drives?
Broadly speaking, both DRAM and NAND memory chips, and also the hard disk memory drives that Western Digital makes, are used for computer memory. Memory demands have gone through the roof as everyone and his brother rushes to build data centers -- and to tailor them to provide memory-intensive "inference" functions.

#Trump #NVIDIA #NASDAQ

Aug 9 (Reuters) - Apple has been testing memory chips from China's ‌CXMT across product lines including ‌iPhones and MacBooks, to mitigate a component shortage fueled by the AI boom, the Wall Street Journal reported on Sunday.
Apple held early talks with CXMT, which ‌is China's ⁠largest chipmaker by market value, about supplying components with ⁠the goal of using them in some devices sold in China, the report said, citing people familiar with the ‌matter.
Reuters could not immediately verify the report. Apple and CXMT did not respond to Reuters' requests for comment.
Reuters had earlier exclusively reported that CXMT was considering ‌building a second memory-chip plant in Beijing to boost production.
Laptop makers HP and ‌Acer have started using CXMT memory chips in devices sold outside the U.S. to ease supply shortages, the ‌newspaper said.

#cxmt #reuters #Apple

Micron Technology (MU) shares dropped in late July when a Chinese rival's stock market debut instantly minted one of the country's most valuable companies.
Investors read it as a warning sign for the world's AI memory leaders. Bank of America read the same headlines and reached the opposite conclusion.
On August 3, BofA ***** yst Vivek Arya reiterated his Buy rating on Micron and held his price objective at $1,550, implying steep upside from current levels, according to a BofA Research note. Shares climbed as much as 8.3% that day.
That anxiety is understandable on the surface. CXMT, formally ChangXin Memory Technologies, held just 8% of the global DRAM market as of the second quarter, compared with Micron's 22%, according to Counterpoint Research data cited by CNBC. But the company is scaling capacity at a pace few Western chipmakers have managed.
Related: Bank of America doubles down on Micron stock price for 2026

#bofa

China has started producing domestic immersion deep-ultraviolet lithography tools, Reuters reported on July 28. State-backed Shanghai Aishengna Electronic Technology Group plans to deliver machines to Semiconductor Manufacturing International, Hua Hong Semiconductor and memory producer ChangXin Memory Technologies. Production is expected to remain small, at roughly five systems in 2026 and about 20 in 2027.
The news struck ASML Holding N.V. (NASDAQ:ASML) through direct product substitution. Export controls already block the company from selling its most advanced extreme-ultraviolet systems into China, leaving DUV scanners as the main lithography category available there. ASML said China generated 29%, or about €9.5 billion, of 2025 net sales; Reuters Breakingviews noted that this revenue was ***** ociated with DUV machines and services. A domestic machine that passes production qualification could replace specific future ASML scanner orders and reduce Chinese fabs' dependence on ASML service, even if those fabs still prefer its performance.
"Viable" remains the unresolved word. Reuters reported that the Chinese systems still trail ASML in performance and reliability and require further testing. Chipmakers require overlay accuracy, yield, throughput and uptime in sustained high-volume production. Planned output is also modest beside ASML's installed base. The development raises a strategic risk to future China sales, but it does not show that ASML's tools have been replaced.
Micron Technology, Inc. (NASDAQ:MU) is connected through a named competitor and a manufacturing bottleneck. CXMT, one of the intended tool recipients, competes in DRAM. If locally serviceable immersion DUV equipment eventually lets CXMT qualify and add reliable commodity-memory output despite tighter foreign-tool restrictions, the additional bits could pressure industry pricing and Micron's margins. That is a supply-curve risk, not evidence that the new tools can already produce competitive high-bandwidth memory for leading AI accelerators.
Micron's current results push against the most bearish interpretation. For its fiscal third quarter ended May 28, the company reported $41.46 billion of revenue and said data center revenue exceeded $25 billion. Management also said DRAM and NAND demand continued to exceed industry supply. China's DUV progress can influence the future supply curve without invalidating those current conditions.

#production #systems #revenue

Memory-chip stocks Micron Technology (MU) and SK Hynix (SKHY) fell Monday after Chinese rival ChangXin Memory Technologies, known as CXMT, rocketed in its initial public offering on the Shanghai Stock Exchange.
CXMT shares soared 466% in an IPO on Monday, giving the company a market capitalization of $484 billion, the Wall Street Journal reported. CXMT makes dynamic random-access memory (DRAM) chips, competing with Micron, Samsung and SK Hynix.
Another Chinese memory-chip maker, Yangtze Memory Technologies, is expected to conduct an IPO later this year, the Journal said. Yangtze, also known as YMTC, makes Nand flash memory chips and competes with Sandisk (SNDK) as well as Micron, Samsung and SK Hynix.
On the stock market today, Micron slid 2.3% to close at 900.20. SK Hynix dropped 7.5% to 143.02. Sandisk stock plunged 11% to 1,278.23.
In a client note, Wedbush Securities ******* yst Matt Bryson questioned how successful CXMT's business could be outside of China. Because of U.S. export restrictions, CXMT doesn't have access to ASML's (ASML) extreme ultraviolet (EUV) lithography gear so it can't make faster, higher-capacity chips to compete with Micron and its South Korean peers.

#micron #Stock

Micron Technology, Inc. (NASDAQ:MU) stock gained by more than 3% during Monday's premarket session as risk appetite improves alongside a firm overnight tape. Nasdaq futures are up 1.57% while S&P 500 futures have gained 0.93%.
The broader market rally coincided with a major development in the global memory-chip industry that could reshape long-term competitive dynamics.
ChangXin Memory Technologies (CXMT), China's leading DRAM maker, made a blockbuster stock market debut that underscores Beijing's push to build a domestic memory champion.
While the listing highlights rising competition in commodity memory, ***** ysts believe Micron remains well positioned in the faster-growing AI memory market.
CXMT raised 57.92 billion yuan, or $8.55 billion, after pricing its IPO at 8.66 yuan per share. The stock surged more than 531% to about 54.60 yuan, valuing the DRAM maker at roughly 3.68 trillion yuan and making it China's most valuable listed company.

#memory

SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people familiar with the matter.
The standoff came to a head on CXMT's factory floor in June. A group of engineers from a chipmaking-equipment vendor with deep strategic ties to Huawei had been working in the cleanrooms at CXMT's core research and development zone in Hefei, Anhui province. Without warning, CXMT ordered the engineers, who had been helping with equipment maintenance, to pack their tools and ‌leave the factory floor immediately, the two sources said.
Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei, the people told Reuters. The companies still do business but the engineers haven't been allowed back into the R&D zone, the two people said.
CXMT, Huawei and SiCarrier didn't ‌respond to questions about the incident.
The clash illustrates the changing dynamics of China's semiconductor industry. CXMT has risen to become the world's fourth-biggest maker of memory, including the DRAM variety used in smartphones, laptops and servers. Now, the company is powerful enough to charge prices even Huawei can't stomach.

#engineers #memory

(Corrects para 18 to say that CXMT will debut on the market, not launch its IPO)
SINGAPORE, July 24 (Reuters) - For months, Chinese chip manufacturer ChangXin Memory Technologies (CXMT) had been hiking prices on Huawei, one of the country's biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people familiar with the matter.
The standoff came to a head on CXMT's factory floor in June. A group of engineers from a chipmaking-equipment vendor with deep strategic ties to Huawei had been working in the cleanrooms at CXMT's core research and development zone in Hefei, Anhui province. Without warning, CXMT ordered ‌the engineers, who had been helping with equipment maintenance, to pack their tools and leave the factory floor immediately, the two sources said.
Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei, the people told Reuters. The companies still do business but the engineers haven't been allowed ‌back into the R&D zone, the two people said.
CXMT, Huawei and SiCarrier didn't respond to questions about the incident.

#cxmt #people #factory