Apple Tests Memory Chips from Chinese Company Amid Global Shortage Concerns

Apple has been testing memory chips from Chinese company CXMT across its products, including iPhones and MacBooks. This move comes amid a global memory chip shortage due to robust AI-driven demand and supply constraints.

The shortage has put pressure on shares of Micron Technology, with investors worried about the durability of AI spending and increasing competition in the memory space.

However, federal restrictions may act as a hurdle for Apple and other US companies from procuring supplies from Chinese companies like CXMT.

CXMT is considering building a second memory-chip plant in Beijing to boost production, but the company's current full capacity limits its ability to take additional orders from international companies like Apple.