Citigroup: Apple's recognition of Changxin Storage will boost its global position.

According to Citigroup, it is rumored that Apple is interested in ChangXin Memory's memory, and this recognition will transform ChangXin Memory from a "domestic substitution story" to a "credible global fourth-largest DRAM manufacturer." Analysts Kevin Chen and others stated in a report that obtaining approval to purchase ChangXin Memory's memory may face challenges, but Apple's consideration itself has already provided a strong endorsement of ChangXin Memory's technological progress. It is expected that this news will bring positive effects to ChangXin Memory and its supply chain. Within the research coverage, ASMPT and GigaDevice are more favored.