+Follow
Rich younghw
No personal profile
5
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
Rich younghw
06-22
Share your opinion about this news…
Sorry, the original content has been removed
Rich younghw
06-20
Share your opinion about this news…
Why The Memory Crunch Is Almost Impossible To Solve
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4098074240323540","uuid":"4098074240323540","gmtCreate":1634971173967,"gmtModify":1634971173967,"name":"Rich younghw","pinyin":"richyounghwrichyounghw","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":5,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.05.30","exceedPercentage":"80.08%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.05.27","exceedPercentage":"80.08%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.05.12","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.12.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":577956167619344,"gmtCreate":1782127500942,"gmtModify":1782128446411,"author":{"id":"4098074240323540","authorId":"4098074240323540","name":"Rich younghw","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098074240323540","authorIdStr":"4098074240323540"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577956167619344","repostId":"2645090086","repostType":2,"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577171729691736,"gmtCreate":1781935998559,"gmtModify":1781945296691,"author":{"id":"4098074240323540","authorId":"4098074240323540","name":"Rich younghw","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098074240323540","authorIdStr":"4098074240323540"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577171729691736","repostId":"2644613700","repostType":2,"repost":{"id":"2644613700","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1781910000,"share":"https://ttm.financial/m/news/2644613700?lang=en_US&edition=fundamental","pubTime":"2026-06-20 07:00","market":"us","language":"en","title":"Why The Memory Crunch Is Almost Impossible To Solve","url":"https://stock-news.laohu8.com/highlight/detail?id=2644613700","media":"Dow Jones","summary":"By Amrith Ramkumar, Rolfe Winkler and Raffaele Huang. The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- Samsung Electronics, SK Hynix and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't star","content":"<html><head></head><body><p style=\"text-align: left;\">The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.</p><p style=\"text-align: left;\">Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>, <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.</p><p style=\"text-align: left;\">U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.</p><p style=\"text-align: left;\">"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing," said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.</p><p style=\"text-align: left;\">Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.</p><p style=\"text-align: left;\">That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.</p><p style=\"text-align: left;\">As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.</p><p style=\"text-align: left;\">Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.</p><p style=\"text-align: left;\">"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory," said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. "The rest of us just have to pay for it."</p><p style=\"text-align: left;\">Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.</p><p style=\"text-align: left;\">Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.</p><p style=\"text-align: left;\">The China card</p><p style=\"text-align: left;\">Two Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.</p><p style=\"text-align: left;\">Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.</p><p style=\"text-align: left;\">U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.</p><p style=\"text-align: left;\">Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.</p><p style=\"text-align: left;\">Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: "What is the greater threat, the shortage or propping up China making advanced memory?" Wolf said that in his view, propping up China would be bad for national security.</p><p style=\"text-align: left;\">Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.</p><p style=\"text-align: left;\">Apple Chief Executive Tim Cook said in a Wall Street Journal interview that "everything needs to be on the table" regarding policy choices.</p><p style=\"text-align: left;\">In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.</p><p style=\"text-align: left;\">Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why The Memory Crunch Is Almost Impossible To Solve</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy The Memory Crunch Is Almost Impossible To Solve\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-20 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.</p><p style=\"text-align: left;\">Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>, <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.</p><p style=\"text-align: left;\">U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.</p><p style=\"text-align: left;\">"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing," said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.</p><p style=\"text-align: left;\">Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.</p><p style=\"text-align: left;\">That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.</p><p style=\"text-align: left;\">As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.</p><p style=\"text-align: left;\">Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.</p><p style=\"text-align: left;\">"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory," said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. "The rest of us just have to pay for it."</p><p style=\"text-align: left;\">Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.</p><p style=\"text-align: left;\">Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.</p><p style=\"text-align: left;\">The China card</p><p style=\"text-align: left;\">Two Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.</p><p style=\"text-align: left;\">Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.</p><p style=\"text-align: left;\">U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.</p><p style=\"text-align: left;\">Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.</p><p style=\"text-align: left;\">Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: "What is the greater threat, the shortage or propping up China making advanced memory?" Wolf said that in his view, propping up China would be bad for national security.</p><p style=\"text-align: left;\">Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.</p><p style=\"text-align: left;\">Apple Chief Executive Tim Cook said in a Wall Street Journal interview that "everything needs to be on the table" regarding policy choices.</p><p style=\"text-align: left;\">In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.</p><p style=\"text-align: left;\">Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPY":"AAPL收益溢价策略ETF-Kurv","MU":"美光科技","SNDK":"闪迪","STX":"希捷科技","AAPW":"AAPL周配息ETF-Roundhill","MUD":"1倍做空MU ETF-Direxion","SNDU":"2倍做多SNDK ETF-T-REX","AAPB":"2倍做多AAPL ETF-GraniteShares","WDCX":"Tradr 2X Long WDC Daily ETF","SNXX":"2倍做多SNDK ETF-Tradr","MUU":"2倍做多MU ETF-Direxion","AAPU":"2倍做多AAPL ETF-Direxion","AAPX":"2倍做多Apple ETF-T-Rex","APLY":"AAPL期权收益策略ETF-YieldMax","AAPD":"1倍做空AAPL ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","WDC":"西部数据"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2644613700","content_text":"The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- Samsung Electronics, SK Hynix and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.\"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing,\" said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.\"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory,\" said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. \"The rest of us just have to pay for it.\"Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.The China cardTwo Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: \"What is the greater threat, the shortage or propping up China making advanced memory?\" Wolf said that in his view, propping up China would be bad for national security.Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.Apple Chief Executive Tim Cook said in a Wall Street Journal interview that \"everything needs to be on the table\" regarding policy choices.In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.","news_type":1,"symbols_score_info":{"AAPX":0.6,"MUD":0.6,"SNXX":0.6,"WDC":2,"SNDU":0.6,"MU":1.95,"AAPB":0.6,"AAPD":0.6,"SNDK":1.87,"STX":2,"WDCX":0.6,"AAPY":0.6,"MULL":0.6,"APLY":0.6,"AAPU":0.6,"AAPW":0.6,"MUU":0.6}},"isVote":1,"tweetType":1,"viewCount":1204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":577956167619344,"gmtCreate":1782127500942,"gmtModify":1782128446411,"author":{"id":"4098074240323540","authorId":"4098074240323540","name":"Rich younghw","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098074240323540","idStr":"4098074240323540"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577956167619344","repostId":"2645090086","repostType":2,"repost":{"id":"2645090086","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1782098269,"share":"https://ttm.financial/m/news/2645090086?lang=en_US&edition=fundamental","pubTime":"2026-06-22 11:17","market":"other","language":"en","title":"Micron's Earnings Are a Must-Watch Market Event - with Profit Growth Approaching 1,000%","url":"https://stock-news.laohu8.com/highlight/detail?id=2645090086","media":"Dow Jones","summary":"Micron's massive growth is 'coming at nearly pure profit,' and that's starting to have real implications for the S&P 500. Now Wall Street has something to pay attention to. Micron Technology has become a stock-market darling over the past year, and as the company and its profit pool have exploded in size, Micron's results are increasingly relevant to the S&P 500 SPX. The company is due to post its financials on Wednesday afternoon.Nvidia and Micron are projected to be the top contributors to S&P 500 earnings growth for what's referred to by FactSet as the second quarter, meaning reporting periods that end in the months of May, June or July. Without Nvidia and Micron, the estimated earnings growth rate for the S&P 500 would fall to 14.9% from 22%, FactSet senior earnings analyst John Butters told MarketWatch.Micron has been shifting more of its business toward high-bandwidth memory, which is increasingly crucial for AI applications - and also much more profitable than traditional dyna","content":"<html><head></head><body><p style=\"text-align: left;\">The end of June once marked a virtual dead period for noteworthy corporate earnings, as key companies had delivered their quarterly results weeks or months before.</p><p style=\"text-align: left;\">Now Wall Street has something to pay attention to. Micron Technology <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> has become a stock-market darling over the past year, and as the company and its profit pool have exploded in size, Micron's results are increasingly relevant to the S&P 500 SPX. The company is due to post its financials on Wednesday afternoon.</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and Micron are projected to be the top contributors to S&P 500 earnings growth for what's referred to by FactSet as the second quarter, meaning reporting periods that end in the months of May, June or July. Without Nvidia and Micron, the estimated earnings growth rate for the S&P 500 would fall to 14.9% from 22%, FactSet senior earnings analyst John Butters told MarketWatch.</p><p style=\"text-align: left;\">Micron's earnings have been growing exponentially as the company cashes in on artificial-intelligence demand, which has sent prices for its memory-chip offerings soaring. The FactSet consensus calls for $20.57 in adjusted earnings per share for Micron's May quarter, up nearly 1,000% from a year earlier - and many analysts, including Morningstar's William Kerwin, expect to see a healthy beat.</p><p style=\"text-align: left;\">"The growth from Micron has been astonishing over the past 12 months," Kerwin told MarketWatch. "Tight memory supply is sending prices skyrocketing, leading to massive growth coming at nearly pure profit." That's because most of the company's growth is stemming from price increases.</p><p style=\"text-align: left;\">Micron has become a formidable force in the PHLX Semiconductor Index SOX, with its net income for calendar 2026 and calendar 2027 projected to rank second only to Nvidia, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">And the $136.7 billion in net income projected for Micron's 2027 calendar year would be nearly as much as what's expected for Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> ($142 billion) and well above what's estimated for <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> ($110.5 billion) and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> ($89.8 billion).</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SFB\">Stifel</a>'s Brian Chin added that Micron is "in the real sweet spot of cyclical expansion and something that's beyond what's ever taken place historically." And with a backdrop like that, you'd expect this to be "the moment in time where it's a bigger contributor to earnings momentum."</p><p style=\"text-align: left;\">Micron has been shifting more of its business toward high-bandwidth memory, which is increasingly crucial for AI applications - and also much more profitable than traditional dynamic random-access memory, according to Jack Gold, principal analyst at J.Gold Associates.</p><p style=\"text-align: left;\">"It's unlikely we'll see any appreciable price decreases until the manufacturing catches up with the demand, which is unlikely for the next 12-18 months at least, even as Micron has announced some very large investments in building new capacity," he told MarketWatch. That means more sustained opportunities for Micron and memory peers Samsung Electronics and SK Hynix to grow both profits and revenues.</p><p style=\"text-align: left;\">That said, current estimates suggest that the latest quarter could mark the peak for adjusted EPS growth. The FactSet consensus implies expectations for about 725% growth in the August quarter, though estimates could head higher after Wednesday's results and outlook.</p><p style=\"text-align: left;\">Meanwhile, Micron is expected to report $31.70 in adjusted EPS in its next May quarter, up from the projected $20.57 for this May quarter. That's a big rise in absolute terms, though it "only" translates to 54% growth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron's Earnings Are a Must-Watch Market Event - with Profit Growth Approaching 1,000%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron's Earnings Are a Must-Watch Market Event - with Profit Growth Approaching 1,000%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-22 11:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">The end of June once marked a virtual dead period for noteworthy corporate earnings, as key companies had delivered their quarterly results weeks or months before.</p><p style=\"text-align: left;\">Now Wall Street has something to pay attention to. Micron Technology <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> has become a stock-market darling over the past year, and as the company and its profit pool have exploded in size, Micron's results are increasingly relevant to the S&P 500 SPX. The company is due to post its financials on Wednesday afternoon.</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and Micron are projected to be the top contributors to S&P 500 earnings growth for what's referred to by FactSet as the second quarter, meaning reporting periods that end in the months of May, June or July. Without Nvidia and Micron, the estimated earnings growth rate for the S&P 500 would fall to 14.9% from 22%, FactSet senior earnings analyst John Butters told MarketWatch.</p><p style=\"text-align: left;\">Micron's earnings have been growing exponentially as the company cashes in on artificial-intelligence demand, which has sent prices for its memory-chip offerings soaring. The FactSet consensus calls for $20.57 in adjusted earnings per share for Micron's May quarter, up nearly 1,000% from a year earlier - and many analysts, including Morningstar's William Kerwin, expect to see a healthy beat.</p><p style=\"text-align: left;\">"The growth from Micron has been astonishing over the past 12 months," Kerwin told MarketWatch. "Tight memory supply is sending prices skyrocketing, leading to massive growth coming at nearly pure profit." That's because most of the company's growth is stemming from price increases.</p><p style=\"text-align: left;\">Micron has become a formidable force in the PHLX Semiconductor Index SOX, with its net income for calendar 2026 and calendar 2027 projected to rank second only to Nvidia, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">And the $136.7 billion in net income projected for Micron's 2027 calendar year would be nearly as much as what's expected for Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> ($142 billion) and well above what's estimated for <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> ($110.5 billion) and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> ($89.8 billion).</p><p style=\"text-align: left;\"><a href=\"https://laohu8.com/S/SFB\">Stifel</a>'s Brian Chin added that Micron is "in the real sweet spot of cyclical expansion and something that's beyond what's ever taken place historically." And with a backdrop like that, you'd expect this to be "the moment in time where it's a bigger contributor to earnings momentum."</p><p style=\"text-align: left;\">Micron has been shifting more of its business toward high-bandwidth memory, which is increasingly crucial for AI applications - and also much more profitable than traditional dynamic random-access memory, according to Jack Gold, principal analyst at J.Gold Associates.</p><p style=\"text-align: left;\">"It's unlikely we'll see any appreciable price decreases until the manufacturing catches up with the demand, which is unlikely for the next 12-18 months at least, even as Micron has announced some very large investments in building new capacity," he told MarketWatch. That means more sustained opportunities for Micron and memory peers Samsung Electronics and SK Hynix to grow both profits and revenues.</p><p style=\"text-align: left;\">That said, current estimates suggest that the latest quarter could mark the peak for adjusted EPS growth. The FactSet consensus implies expectations for about 725% growth in the August quarter, though estimates could head higher after Wednesday's results and outlook.</p><p style=\"text-align: left;\">Meanwhile, Micron is expected to report $31.70 in adjusted EPS in its next May quarter, up from the projected $20.57 for this May quarter. That's a big rise in absolute terms, though it "only" translates to 54% growth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","BK4543":"AI","BK4553":"喜马拉雅资本持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","MU":"美光科技","BK4585":"ETF&股票定投概念","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","MUU":"2倍做多MU ETF-Direxion","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4588":"碎股","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4605":"半导体精选","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4566":"资本集团","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4527":"明星科技股","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","MUD":"1倍做空MU ETF-Direxion","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4575":"芯片概念","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","SG9999001424.SGD":"United E-Commerce Fund SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","MULL":"2倍做多MU ETF-GraniteShares","BK4579":"人工智能","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4532":"文艺复兴科技持仓","BK4512":"苹果概念","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","BK4141":"半导体产品","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2645090086","content_text":"The end of June once marked a virtual dead period for noteworthy corporate earnings, as key companies had delivered their quarterly results weeks or months before.Now Wall Street has something to pay attention to. Micron Technology $(MU)$ has become a stock-market darling over the past year, and as the company and its profit pool have exploded in size, Micron's results are increasingly relevant to the S&P 500 SPX. The company is due to post its financials on Wednesday afternoon.Nvidia and Micron are projected to be the top contributors to S&P 500 earnings growth for what's referred to by FactSet as the second quarter, meaning reporting periods that end in the months of May, June or July. Without Nvidia and Micron, the estimated earnings growth rate for the S&P 500 would fall to 14.9% from 22%, FactSet senior earnings analyst John Butters told MarketWatch.Micron's earnings have been growing exponentially as the company cashes in on artificial-intelligence demand, which has sent prices for its memory-chip offerings soaring. The FactSet consensus calls for $20.57 in adjusted earnings per share for Micron's May quarter, up nearly 1,000% from a year earlier - and many analysts, including Morningstar's William Kerwin, expect to see a healthy beat.\"The growth from Micron has been astonishing over the past 12 months,\" Kerwin told MarketWatch. \"Tight memory supply is sending prices skyrocketing, leading to massive growth coming at nearly pure profit.\" That's because most of the company's growth is stemming from price increases.Micron has become a formidable force in the PHLX Semiconductor Index SOX, with its net income for calendar 2026 and calendar 2027 projected to rank second only to Nvidia, according to Dow Jones Market Data.And the $136.7 billion in net income projected for Micron's 2027 calendar year would be nearly as much as what's expected for Apple $(AAPL)$ ($142 billion) and well above what's estimated for Amazon.com ($110.5 billion) and Meta Platforms ($89.8 billion).Stifel's Brian Chin added that Micron is \"in the real sweet spot of cyclical expansion and something that's beyond what's ever taken place historically.\" And with a backdrop like that, you'd expect this to be \"the moment in time where it's a bigger contributor to earnings momentum.\"Micron has been shifting more of its business toward high-bandwidth memory, which is increasingly crucial for AI applications - and also much more profitable than traditional dynamic random-access memory, according to Jack Gold, principal analyst at J.Gold Associates.\"It's unlikely we'll see any appreciable price decreases until the manufacturing catches up with the demand, which is unlikely for the next 12-18 months at least, even as Micron has announced some very large investments in building new capacity,\" he told MarketWatch. That means more sustained opportunities for Micron and memory peers Samsung Electronics and SK Hynix to grow both profits and revenues.That said, current estimates suggest that the latest quarter could mark the peak for adjusted EPS growth. The FactSet consensus implies expectations for about 725% growth in the August quarter, though estimates could head higher after Wednesday's results and outlook.Meanwhile, Micron is expected to report $31.70 in adjusted EPS in its next May quarter, up from the projected $20.57 for this May quarter. That's a big rise in absolute terms, though it \"only\" translates to 54% growth.","news_type":1,"symbols_score_info":{"MULL":0.6,"MUU":0.6,"MU":1.98,"MUD":0.6}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":577171729691736,"gmtCreate":1781935998559,"gmtModify":1781945296691,"author":{"id":"4098074240323540","authorId":"4098074240323540","name":"Rich younghw","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098074240323540","idStr":"4098074240323540"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/577171729691736","repostId":"2644613700","repostType":2,"repost":{"id":"2644613700","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1781910000,"share":"https://ttm.financial/m/news/2644613700?lang=en_US&edition=fundamental","pubTime":"2026-06-20 07:00","market":"us","language":"en","title":"Why The Memory Crunch Is Almost Impossible To Solve","url":"https://stock-news.laohu8.com/highlight/detail?id=2644613700","media":"Dow Jones","summary":"By Amrith Ramkumar, Rolfe Winkler and Raffaele Huang. The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- Samsung Electronics, SK Hynix and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't star","content":"<html><head></head><body><p style=\"text-align: left;\">The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.</p><p style=\"text-align: left;\">Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>, <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.</p><p style=\"text-align: left;\">U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.</p><p style=\"text-align: left;\">"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing," said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.</p><p style=\"text-align: left;\">Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.</p><p style=\"text-align: left;\">That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.</p><p style=\"text-align: left;\">As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.</p><p style=\"text-align: left;\">Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.</p><p style=\"text-align: left;\">"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory," said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. "The rest of us just have to pay for it."</p><p style=\"text-align: left;\">Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.</p><p style=\"text-align: left;\">Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.</p><p style=\"text-align: left;\">The China card</p><p style=\"text-align: left;\">Two Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.</p><p style=\"text-align: left;\">Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.</p><p style=\"text-align: left;\">U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.</p><p style=\"text-align: left;\">Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.</p><p style=\"text-align: left;\">Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: "What is the greater threat, the shortage or propping up China making advanced memory?" Wolf said that in his view, propping up China would be bad for national security.</p><p style=\"text-align: left;\">Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.</p><p style=\"text-align: left;\">Apple Chief Executive Tim Cook said in a Wall Street Journal interview that "everything needs to be on the table" regarding policy choices.</p><p style=\"text-align: left;\">In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.</p><p style=\"text-align: left;\">Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why The Memory Crunch Is Almost Impossible To Solve</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy The Memory Crunch Is Almost Impossible To Solve\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-20 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.</p><p style=\"text-align: left;\">Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- <a href=\"https://laohu8.com/S/SSNGY\">Samsung Electronics</a>, <a href=\"https://laohu8.com/S/HXSCL\">SK Hynix</a> and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.</p><p style=\"text-align: left;\">U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.</p><p style=\"text-align: left;\">"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing," said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.</p><p style=\"text-align: left;\">Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.</p><p style=\"text-align: left;\">That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.</p><p style=\"text-align: left;\">As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.</p><p style=\"text-align: left;\">Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.</p><p style=\"text-align: left;\">"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory," said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. "The rest of us just have to pay for it."</p><p style=\"text-align: left;\">Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.</p><p style=\"text-align: left;\">Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.</p><p style=\"text-align: left;\">The China card</p><p style=\"text-align: left;\">Two Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.</p><p style=\"text-align: left;\">Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.</p><p style=\"text-align: left;\">U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.</p><p style=\"text-align: left;\">Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.</p><p style=\"text-align: left;\">Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: "What is the greater threat, the shortage or propping up China making advanced memory?" Wolf said that in his view, propping up China would be bad for national security.</p><p style=\"text-align: left;\">Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.</p><p style=\"text-align: left;\">Apple Chief Executive Tim Cook said in a Wall Street Journal interview that "everything needs to be on the table" regarding policy choices.</p><p style=\"text-align: left;\">In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.</p><p style=\"text-align: left;\">Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPY":"AAPL收益溢价策略ETF-Kurv","MU":"美光科技","SNDK":"闪迪","STX":"希捷科技","AAPW":"AAPL周配息ETF-Roundhill","MUD":"1倍做空MU ETF-Direxion","SNDU":"2倍做多SNDK ETF-T-REX","AAPB":"2倍做多AAPL ETF-GraniteShares","WDCX":"Tradr 2X Long WDC Daily ETF","SNXX":"2倍做多SNDK ETF-Tradr","MUU":"2倍做多MU ETF-Direxion","AAPU":"2倍做多AAPL ETF-Direxion","AAPX":"2倍做多Apple ETF-T-Rex","APLY":"AAPL期权收益策略ETF-YieldMax","AAPD":"1倍做空AAPL ETF-Direxion","MULL":"2倍做多MU ETF-GraniteShares","WDC":"西部数据"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2644613700","content_text":"The last thing President Trump wants is another hit to consumers' pocketbooks. But there is little policymakers can do to quickly address the memory-chip shortage behind Apple's decision to raise prices.Only a handful of companies make memory and storage chips, and it takes years to build new factories. Three industry titans -- Samsung Electronics, SK Hynix and Micron Technology -- dominate the business of memory chips, also called DRAM. They are using much of their capacity to serve the fast-growing artificial-intelligence industry, squeezing consumer-technology companies.U.S. lawmakers have approved tens of billions of dollars in grants and tax credits to expand semiconductor manufacturing in the U.S., including memory-chip factories being built by Micron in Boise, Idaho, and Clay, N.Y., near Syracuse. The problem is, the first of the new Idaho facilities won't open until the middle of next year, and the New York plant won't start production until 2030.\"You have this fast-moving technological shift, but you're constrained by slower moving physical systems like manufacturing,\" said Kathryn Mitchell, a tech-policy adviser at law firm DLA Piper who previously helped fund chip projects at the Commerce Department.Burned by past boom-bust cycles, the big memory-chip producers are cautious about creating another glut, which is why their spending on new plants remains relatively conservative.That is also true for the makers of storage chips known as NAND, which include the three titans plus Kioxia and Sandisk. The caution comes despite gross profit margins that have soared to records: in Micron's case, 80%.As recently as 2023, South Korea's SK Hynix -- now valued at more than $1 trillion alongside Samsung and Micron -- was losing billions of dollars and cutting production during an industry downturn. Micron cut 15% of its staff that year.Not long after, AI took off, stoking demand for a particular memory chip well-suited for use in computers that train and query popular artificial-intelligence models. AI data centers also need large quantities of more traditional memory chips.\"The AI companies have the deepest pockets in the economy and they're outbidding everyone else for memory,\" said Jim Secreto, a consultant who worked in the Commerce Department during the Biden administration. \"The rest of us just have to pay for it.\"Trump and Commerce Secretary Howard Lutnick have focused on getting chip companies to increase their domestic investments to access subsidies from the 2022 Chips and Science Act and have threatened tariffs on semiconductor producers that don't invest enough in the U.S.Trump could direct the memory-chip makers to allocate a certain percentage of their output to consumer-technology products. Such an arrangement, however, would be difficult to enforce and could lead to shortages in other market segments, industry executives and analysts said.The China cardTwo Chinese chip makers -- CXMT, the country's top DRAM producer, and Yangtze Memory Technologies, which focuses on NAND storage -- are growing fast and want to expand their global clientele. China is the closest thing to a quick fix for the chip shortage, but the solution is at best partial.Yangtze Memory is building three new factories in China that would more than double its current capacity by the end of 2027, people familiar with the plans said. Meanwhile CXMT is seeking to raise $4 billion in an initial public offering in Shanghai, and it is building new factories. It said its revenue rose by more than 700% year-over-year in the first quarter of 2026, though it acknowledged that its products still trail those of the three industry leaders.U.S. national-security rules make it hard for American companies to work with Chinese memory-chip makers. The goal is to protect U.S. technology secrets as well as the market position of Micron and suppliers based in South Korea and Japan, both U.S. allies.Micron, an Apple supplier, has been lobbying for even stronger restrictions on U.S. partnerships with Chinese firms deemed security risks, people familiar with the talks said. In Congress, lawmakers have introduced bipartisan legislation backing that position. Micron recently started production on a new supply line as part of an expansion at a Manassas, Va., plant and has pledged to invest some $200 billion across the country.Kevin Wolf, a lawyer at Akin Gump who worked on export controls in the Obama administration, said the question for policymakers was: \"What is the greater threat, the shortage or propping up China making advanced memory?\" Wolf said that in his view, propping up China would be bad for national security.Yet the memory-chip shortage has gotten bad enough that some big consumer-tech companies have asked administration officials to loosen the restrictions on working with China. The companies also want the U.S. to make it easier for Samsung and SK Hynix to boost production in China.Apple Chief Executive Tim Cook said in a Wall Street Journal interview that \"everything needs to be on the table\" regarding policy choices.In 2022, Apple worked with Yangtze Memory to prepare the Chinese NAND maker to become one of its suppliers of flash storage but was forced to abandon that plan when lawmakers opposed it.Some of the world's biggest personal-computer makers, including HP, are in talks with supply-chain partners about using CXMT memory chips in products bound for Asia, people familiar with the discussions said.","news_type":1,"symbols_score_info":{"AAPX":0.6,"MUD":0.6,"SNXX":0.6,"WDC":2,"SNDU":0.6,"MU":1.95,"AAPB":0.6,"AAPD":0.6,"SNDK":1.87,"STX":2,"WDCX":0.6,"AAPY":0.6,"MULL":0.6,"APLY":0.6,"AAPU":0.6,"AAPW":0.6,"MUU":0.6}},"isVote":1,"tweetType":1,"viewCount":1204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
