Micron suggests Apple's aggressive pricing demands during a past industry slump squeezed memory maker profits, discouraging crucial investments in production expansion. This lack of capacity, coupled with a recent surge in demand, has contributed to the current global memory shortage. Apple's recent hardware price hikes are a reaction to these rising component costs, but Micron emphasizes that sustained investment, not just price adjustments, is key to preventing future shortages.

The iPhone maker wants Trump administration to sign off on purchases from China's CXMT to ease pressure from rising semiconductor prices

Fears over Apple's use of cheaper chips from China's CXMT hurting Micron may be overblown.