CHINA-US: ECONOMY - APPLE TO BUY CHIPS FROM CHINA

Nikkei reported that Apple is in talks with Yangtze Memory Technologies over a potential deal for purchase of storage chips from the Chinese state-backed semiconductor manufacturer. If the talks succeed and Apple places an order for NAND flash memory chips, it would mark the US tech giant’s first purchase from a Chinese memory chipmaker. Nikkei quoted sources as saying Apple will use the chips in new iPhone models and other products for sale in the Chinese domestic market specifically.  For Yangtze Memory, which is an affiliate of tech conglomerate Tsinghua Unigroup, a deal would represent a big coup even if the initial orders are small. It would also mark a major achievement for the Chinese government which has been seeking to boost the domestic semiconductor industry.Apple currently buys NAND flash chips for its iPhones from Toshiba of Japan, Western Digital of the US, and SK Hynix and Samsung Electronics of South Korea.





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