Apple to White House: Allow us to work with this 'banned' Chinese company as ...

AI Summary

Apple is lobbying the White House to permit purchases of memory chips from ChangXin Memory Technologies, a Chinese company on a US Pentagon blacklist. The push aims to reduce soaring chip costs but raises concerns about aiding Chinese technology advancements amid US national security restrictions.

Apple is reportedly lobbying the White House to allow it to purchase memory chips from a Chinese company, ChangXin Memory Technologies (CXMT), which is on a Pentagon blacklist. This move comes as soaring chip costs pressure Apple, despite concerns from US lawmakers about aiding Chinese technological advancement. The tech giant faces a dilemma between financial relief and national security restrictions.