Apple Asks White House For Approval To Buy Chips From Banned Chinese Company

Summary

Apple is seeking approval from the White House to buy memory chips from ChangXin Memory Technologies, a Chinese company that has been blacklisted by the Pentagon. The move is an attempt to ease the financial strain caused by rising memory chip prices, which recently led Apple to increase prices on its iPad and MacBook lineups. Apple has reportedly reached out to the Commerce Department and other administration officials to push its case for clearance to source chips from the blacklisted company.