MarketPR
Apple is seeking Trump administration approval to purchase memory chips from a Chinese company currently on a U.S. blacklist, according to reports.
The iPhone maker is pushing for a government sign-off that would let it source the components and take pressure off chip costs that have been climbing.
The Ask: Carve-Out From Trade Restrictions Apple's request is straightforward in form but loaded in politics: the company wants the Trump administration to authorize purchases from a supplier it would otherwise be barred from doing business with under existing trade restrictions.
The unnamed Chinese firm sits on a blacklist that typically prohibits American companies from conducting commerce with it without explicit federal approval. Apple is now pursuing exactly that clearance.
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