Micron Technology's stock fell by 3% amid rising competition from China's ChangXin Memory Technologies (CXMT), which is planning to expand its production capacity in Beijing, potentially doubling its output. This expansion poses a threat to global memory suppliers, particularly affecting Micron's pricing power in the commodity DRAM market. Additionally, Apple has been testing memory products from ChangXin, complicating Micron's customer adoption efforts. The situation reflects broader volatility in the semiconductor industry and raises concerns about how additional Chinese capacity may influence competition.

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Micron Stock Falls -- Apple Tests Chinese Memory Chips From Rising Rival

Nauman Khan

Mon, August 3, 2026 at 3:05 PM EDT1 min read

This article first appeared on GuruFocus.

Micron Technology ( NASDAQ:MU) stock is in focus after shares fell 3% on Monday as investors weighed rising competition from China's ChangXin Memory Technologies

ChangXin, also known as CXMT, is considering a second Beijing facility that could more than double its monthly wafer output to above 600,000 units. The expansion could add pressure to global memory suppliers if additional Chinese capacity reaches the market.

Micron is also facing questions around customer adoption. Apple has been testing memory products from ChangXin and has pushed to keep the Chinese company off U.S. trade restriction lists, according to the supplied information.

The growing presence of ChangXin could have implications for pricing across commodity DRAM, a type of memory widely used in computers and other electronic devices. Higher Chinese production may make it harder for Micron to maintain pricing power in the market.

Micron is also dealing with broader volatility across memory and storage stocks. The developments come as investors assess how expanding Chinese capacity could reshape competition in the global semiconductor industry.