Apple Eyes China-Made Memory Chips Amid Rising Costs

Apple is exploring Chinese memory chip manufacturer CXMT as a potential supplier for its iPhones and MacBooks. The move comes amid rising costs for memory chips, driven by heavy demand from AI applications.

The company's interest in CXMT is reportedly due to the cost savings it could provide. However, federal export rules limit Apple's ability to share technology with CXMT, forcing it to buy off-the-shelf products instead of custom-designed chips.

CXMT has already listed on the Shanghai stock exchange and has seen its second-quarter revenue surge more than eight times year-over-year.