Apple lobbying to buy memory chips from blacklisted Chinese firm: FT

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Apple ( AAPL ) has launched a lobbying campaign seeking clearance from the Trump administration to procure memory chips from CXMT, a Chinese company blocklisted in the U.S. due to its alleged ties to the Chinese military, The Financial Times reported on Tuesday.

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Reports say Apple(AAPL) is lobbying for the Trump administration's approval to procure memory chips from Chinese memory maker CXMT, which is on the US blacklist. CXMT is subject to sanctions over alleged ties to the Chinese military, so the approval decision is directly tied to political and security considerations. If approved, substantial demand would flow to CXMT and the China-based memory industry, affecting prices and supply; conversely, US memory firms and the global supply chain could face increased regulatory risk. The market is watching the likelihood of approval, political backlash, and prospects for further regulation, and expects differentiated impacts across related sectors.

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