Bloomberg reported July 30 that several US senators sent a joint letter to Apple CEO Tim Cook urges the company not to use storage chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), even for products sold only in C

2026-07-31

Bloomberg reported July 30 that several US senators sent a joint letter to Apple CEO Tim Cook urges the company not to use storage chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), even for products sold only in China. The senators noted both firms were added to the PENTAGON’s recently updated Chinese military companies list. Apple has been seeking to source storage chips from Chinese suppliers amid capacity shortages, tight supply and rising prices. Researcher Chen Jing at the Technology and Strategic Studies Society said Apple is not legally prohibited from procuring from Chinese firms and warned that politically driven barriers would damage normal Sino‑US corporate supply‑chain cooperation.

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2026-07-31

Boosted by a sharp rebound in US semiconductor stocks, South Korea's KOSPI index surged 13% in early trading on Friday, triggering a "buy side mechanism" (i.e., a suspension of programmatic buying orders). The benchmark index later extended its gains

2026-07-31

A MORGAN STANLEY-led banking syndicate is negotiating a $15 billion loan to Nexus Data Centers to build a large data center campus and a 1.6 GW onsite gas-fired power plant in Hubbard, Texas. Google will provide financial guarantees and supply chips;