Chuck Schumer, Other Senators Reportedly Warn Apple CEO Tim Cook Against Buying Chinese Memory Chips: 'Would Be a Mistake'
Reported by Yahoo Finance · finance.yahoo.com · July 31, 2026
Senators from across the aisle have reportedly sent a letter to Apple Inc. CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even...
What the tape says
What to watch: Monitor chip inventory cycles — overhang periods precede sharp upside moves in semis.
Market reaction today: $AAPL +0.32%
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