Apple seeks approval to buy chips from blacklisted Chinese company, FT reports
Apple is seeking an exception as memory prices have quadrupled over three quarters, according to Counterpoint Research.
- Apple is lobbying the Trump administration for clearance to buy memory chips from ChangXin Memory Technologies , which the Pentagon blacklisted due to alleged connections to the People Liberation Army, the Financial Times reported on Friday.
- On Thursday, Apple CEO Tim Cook raised iPad and MacBook prices, stating the company could no longer shield customers from soaring memory and storage chip costs driven by the AI industry's data center buildout.
- Apple contacted the Commerce Department a month ago and is now targeting "other officials across the administration and allies in Washington" to expand its lobbying efforts, per the Financial Times.
- U.S. companies cannot ship goods, software, or technology to firms on the Entity List without licenses, which are likely to be denied due to national security rules restricting trade with Chinese manufacturers.
- Cook previously indicated interest in buying memory chips from Chinese firms if approved, saying "everything needs to be on the table" regarding supply chain restrictions and U.S. trade policy.
45 Articles
45 Articles
Apple’s looking at a politically radioactive fix for the memory crisis, and the US government isn’t happy about it
Apple wants to buy memory from CXMT, a Chinese company on the Pentagon's blacklist, and it's lobbying the Trump administration for clearance to do exactly that.
Apple wants permission to buy memory from a blacklisted Chinese supplier
Apple is looking to alleviate some of the pressure on its supply chain by seeking an exception from the Trump administration to buy RAM chips from CXMT, a company blacklisted by the Pentagon over ties to the People's Liberation Army, according to the Financial Times. The skyrocketing prices of RAM and storage have driven Apple to raise prices on almost all of its products this week, so it makes sense that it would seek alternative sources. Legal…
Apple is trying to get permission from Donald Trump's government to acquire memory chips from a sanctioned Chinese company. The company is desperately trying to mitigate the impact of the escalation of...
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