Apple seeks US approval to buy memory chips from blacklisted Chinese firm
Key takeaways
- The iPhone manufacturer has launched a lobbying effort to secure White House approval to help mitigate the financial strain caused by rising memory chip costs.
- According to the report, Apple reached out to the Commerce Department a month ago and has recently stepped up its lobbying efforts to seek approval.
- While Apple can technically buy memory chips from Chinese vendors, Pentagon restrictions complicate the process.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Apple is reportedly seeking approval from the Trump administration to purchase memory chips from a currently blacklisted Chinese company to meet manufacturing needs amid the ongoing worldwide memory supply shortage, according to The Financial Times.
Demetri Sevastopulo and Michael Acton of The Financial Times report that Apple is lobbying the Trump administration to approve its purchase of memory chips from CXMT, a Chinese firm that the Pentagon has blacklisted due to suspected ties to the People’s Liberation Army, according to six sources familiar with the situation.
The iPhone manufacturer has launched a lobbying effort to secure White House approval to help mitigate the financial strain caused by rising memory chip costs.