Apple Applies for CXMT DRAM License as Supply Deficit Persists
AAPL•Apple is seeking U.S. government approval to source DRAM from Chinese chipmaker CXMT, which remains on the Commerce Department’s Entity List, underscoring persistent memory supply shortages. Mizuho analyst Jordan Klein argues this move won’t shift the fundamental supply deficit, affecting Samsung more than Apple’s supply chain.
1. Apple Seeks CXMT DRAM License
Apple has applied for U.S. government authorization to purchase DRAM from Chinese manufacturer CXMT, a company currently on the Commerce Department’s Entity List, in an effort to mitigate the ongoing global memory shortage.
2. Mizuho Analyst Perspective
Mizuho TMT specialist Jordan Klein views Apple’s CXMT application as a symptom of industry-wide scarcity rather than a company-specific issue, noting that neither this nor other recent headlines alters the long-term supply picture.
3. Persistent Memory Supply Deficit
Global DRAM and NAND production remains significantly below end-market demand, driving pressure on suppliers and contributing to record-high contract prices and supply constraints across consumer and enterprise segments.
4. Implications for Apple and Competitors
Apple’s potential use of CXMT memory primarily pressures Samsung and SK Hynix, while Apple’s direct supply chain impact is limited due to its long-term agreements and diversified memory sourcing strategy.
