BUSINESSJun 27 · 14:36 UTCFORTUNEAngela Cullen, Bloomberg

Apple seeks U.S. approval to buy chips from blacklisted CXMT: FT

Apple Inc. is seeking U.S. approval to purchase memory chips from blacklisted Chinese company ChangXin Memory Technologies Inc. (CXMT) to manage costs amid a chip shortage. The Pentagon recently reinstated CXMT on its 1260H list, raising concerns about potential trade restrictions.

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