Apple's deal to equip the iPhone with memory chips from YMTC, a Chinese military linked fab, threatens US jobs and security.
... [+]The unveiling of the M2 chip at Apple’s World Wide Developers Conference overshadows a more significant and concerning development in the semiconductor space: Apple inking a deal for iPhone 14 memory chips with Yangtze Memory Technologies Corporation , the Chinese military linked fab.
describes how Apple could reshape the global memory chip market in China’s favor, endanger Americans’ security, and cost some 25,000 high paying US jobs. Just as the Chinese government turned Huawei into a national champion that devoured the global telecom equipment sector, Beijing eyes YMTC to disrupt the global memory chip market. To reach this goal, it funneled at least $24 billion to the entity through state-owned slush funds designed to evade World Trade Organization rules against state aid.
The existence of only one American-based memory chip producer today is a result of competition and price volatility in the memory market which drove other U.S. players out of the industry. While US chipmakers have exited the sector during extended period of low profits, foreign chipmakers, including those in Korea and Japan, have tapped government support to hold on through low-profit periods.
However, stable memory chip prices are not good news for Apple, as it prefers to reduce costs radically on components to maximize profits. This memory chip price stability likely prompted Apple to enter into talks with YMTC, and/or pressure from the Chinese government, as some analysts
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