Apple edges up after report on co exploring new memory chip suppliers
31/03/2022 12:39
** iPhone-maker's shares AAPL.O up 0.2% at $178.2
premarket
** AAPL is exploring new suppliers for memory chips used in
its iPhones, including a potentially first Chinese supplier,
after a key Japanese partner had an output disruption, according
to a Bloomberg News report urn:newsml:reuters.com:*:nL3N2VY0WN
** AAPL supplier - Japan-based Kioxia Holdings Corp had
reported a contamination last month at two of its manufacturing
facilities urn:newsml:reuters.com:*:nL4N2UK4R9
** Co is now testing sample NAND flash memory chips by
Chinese co Yangtze Memory Technologies Co, the report said
** AAPL is developing its own payment processing technology
and infrastructure for future financial products, according to a
Bloomberg report https://www.bloomberg.com/news/articles/2022-03-30/apple-is-working-on-project-to-bring-financial-services-in-house
** Brokerage Cowen says it sees increased risk for card
issuing, core processing, digital wallet competitors and FinTech
partners such as Green Dot Corp GDOT.N
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com;))