Apple Seeks US Approval to Buy Chips from Blacklisted Chinese Firm

In a move that could have significant implications for the tech industry, Apple is reportedly seeking permission from the Trump administration to purchase memory chips from a Chinese company that has been blacklisted by the US government. According to the Financial Times, Apple is looking to buy chips from CXMT, a Chinese memory chipmaker that was recently added to the Pentagon's list of companies with alleged links to the Chinese People's Liberation Army. While Apple is not technically prohibited from doing business with CXMT, it may face repercussions from the US government if it fails to obtain approval. The company has already approached the Commerce Department and is lobbying its connections in Washington to secure clearance.

The potential deal could help Apple mitigate the current memory chip shortage, which has forced the company to raise prices for many of its products. However, the plan is likely to face opposition from Congress, with some lawmakers expressing concerns about the potential risks of partnering with a Chinese military-linked company. As the situation unfolds, it remains to be seen whether Apple will be able to secure the necessary approvals and what the consequences may be for the company and the broader tech industry.

Source: Engadget