Sandisk Stock Rises Then Falls Amid Concerns Over Chinese Memory Chip Competition
On Tuesday, Sandisk (NASDAQ: SNDK) experienced a brief rebound after falling the previous day due to concerns over potential U.S. policy changes that could allow Apple and other companies to source memory chips from Chinese manufacturers like ChangXin Memory Technologies and Yangtze Memory Technologies Corp. While ChangXin focuses on DRAM, Yangtze is a NAND competitor directly affecting Sandisk's market position. Both firms are expanding production with significant funding through recent IPOs. Japanese bank Mizuho lowered its price target for Sandisk slightly amid broader caution in the semiconductor sector despite rising memory demand. Sandisk shares opened up nearly 5% but later dipped, closing at a modest gain of about 1%. Analysts remain cautious as any downward revision to growth forecasts could negatively impact investor sentiment.
Topics: China supply chain NAND flash memory Sandisk semiconductor industry Trump administration policy