Apple may buy chips from Yangtze Memory Technologies

The markets rebounded during the midday with the Dow soaring 137 points to 24,778. Nasdaq leaped 94 points to 7108.


Apple is reportedly engaged in discussions to purchase NAND flash memory chips from Yangtze Memory Technologies. Currently, SK Hynix, Samsung Electronics, Toshiba and Western Digital supply Apple with memory chips. If a deal is finalized, Yangtze Memory will be the first Chinese company to produce memory chips.


The Federal Aviation Administration has warned that new Pratt & Whitney engines that power the Airbus A320neo may stall. A knife edge seal fracture may cause the engine to shutdown while inflight. Pratt & Whitney continues to make the engines while developing a plan to fix the defect.


Google Chrome will implement new controls to filter ads that appear on websites. Ads that do not adhere to requirements established by Better Ads Standards will not be displayed. A notification will appear on sites where ads have been blocked that will provide users with the option to view the blocked ads.


In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by 7 to 3 on Nasdaq. The broader S&P 500 climbed 24 points to 2,687. Bitcoin leaped $807 to $9,356.


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