Apple seeks White House clearance to source chips from blacklisted CXMT

1 min read
Source: Yahoo Finance
Apple seeks White House clearance to source chips from blacklisted CXMT
Photo: Yahoo Finance
TL;DR

Apple is lobbying U.S. authorities for a license to buy memory chips from ChangXin Memory Technologies (CXMT), a Chinese firm designated by DoD as a Chinese military company and added to the Commerce Department’s Entity List. The move, reported by the FT, aims to ease rising memory-chip costs that have contributed to higher iPad and Mac prices, with Apple said to have engaged the White House and other administration channels while licensing remains unlikely.

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