Apple Seeks White House Approval to Buy Chips from Blacklisted Chinese Company
Apple is pressing the White House for approval to purchase memory chips from a blacklisted Chinese company in an effort to control chip costs, according to a Financial Times report on Saturday.
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Apple Inc. is urging the White House to grant permission to buy memory chips from a Chinese manufacturer that is on a US trade blacklist, the Financial Times reported on Saturday. The move is part of the company's broader effort to rein in rising chip costs.
The report did not name the specific Chinese company, but the request highlights the tension between US national security restrictions and the business needs of major American tech firms. Apple's push comes amid ongoing supply chain challenges and semiconductor price pressures.
Source: First Squawk