may start buying NAND flash memory chips from a state-backed Chinese company, according to the Nikkei Asian Review, which wrote Wednesday that the two companies had been in talks. Were Apple to indeed bring on the company, Yanktze Memory Technologies, as a supplier, it would mark the first time the smartphone maker bought memory chips from a Chinese company, according to the report. Apple currently gets NAND chips from several providers, including Samsung Electronics Co. Ltd.
and Western Digital Corp.
the Nikkei Asian Review said, and the company might only start out with a small order from Yangtze if a deal is reached. Memory chips have become expensive over the last two years and Apple has already made a move to own part of a distributor. Shares of memory companies including Micron Technology Inc.
and Western Digital were down in Wednesday morning trading. Apple’s stock is down 0.5% in Wednesday trading but up 22% over the past 12 months, compared with a 20% rise for the Dow Jones Industrial Average