In 2023, Apple negotiated with China Mobile, a leading telecom provider, to introduce its Apple TV+ video streaming service nationwide. Earlier in 2024, Micron CEO Sanjay Mehrotra met with China's Minister of Commerce to discuss expanding Micron's operations and new investments in China. Apple depends on China for about a fifth of its sales, while Micron has faced challenges since Beijing banned its products from critical infrastructure last year. After posting weak GDP growth in the second quarter, China recently slashed the key interest rates to boost the economy. Price Actions: AAPL shares traded lower by 0.06% at $223.83 premarket at the last check on Tuesday. MU is down 0.52% at $114.68. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo via Shutterstock