Apple seeks approval to buy chips from blacklisted Chinese company: Report

U.S. companies cannot ship goods, software and technology to companies on the list without a license, which is likely to be denied.

FILE PHOTO: An Apple logo. Credit: Reuters

Apple ⁠is lobbying the Trump administration for clearance to buy ⁠memory chips from ChangXin Memory Technologies, a ‌Chinese company the ​Pentagon has put on a blacklist, the Financial Times reported on Friday.

The iPhone maker has lobbied the White House for approval aimed at easing financial pressure ​on the company ⁠from rising memory chip prices, the newspaper said, citing unnamed sources.

The White House, Apple and CXMT did not respond to requests for comment ⁠from Reuters ‌outside business hours.

The lobbying push underscores the bind facing major U.S. technology companies ‌as soaring memory chip costs collide with Washington’s national security ⁠restrictions on Chinese chipmakers.

Apple approached the Commerce Department more than a month ago and ‌also engaged other administration officials ‌and allies in Washington, one person told the ‌FT.

CXMT, China’s top memory chipmaker, was ‌designated as a Chinese military company by the Defense Department under the Biden administration. The company, among others, was approved ⁠by an interagency ⁠committee last year for addition to the Commerce Department’s Entity List.

Source : https://www.deccanherald.com/business/companies/apple-seeks-approval-to-buy-chips-from-blacklisted-chinese-company-report-4053994

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