After Washington tightened export curbs against Chinese technology businesses, US tech giant Apple Inc. postponed plans to utilise memory chips from China’s Yangtze Memory Technologies Co (YMTC) in its devices.
According to people familiar with the situation, Apple had originally intended to begin using the NAND flash memory chips produced by the state-funded YMTC as soon as this year. Only iPhones sold in the Chinese market were supposed to employ the processors at first.It was thinking about eventually buying from YMTC up to 40% of the chips required for every iPhone.
China’s leading memory chip manufacturer YMTC and 30 other Chinese corporations were last week added to a list of businesses that US investigators have been unable to check, escalating tensions with Beijing and kicking off a 60-day clock that could result in considerably worse sanctions.
