The US tech giant has reportedly frozen plans to use the Yangtze Memory Technologies Co’s (YMTC) memory chips in its products – the decision coming just days after fresh 🇺🇸 export controls against the Chinese tech sector. (Nikkei citing sources)
Apple had intended to start using the state-funded memory chips in iPhones as early as this year for the Chinese market – the firm also purportedly considering buying 40% of its global requirement from YMTC.
However, Washington placed the chipmaker and 30 other 🇨🇳 entities to its so-called ‘Unverified List’ – comprising firms whose end users 🇺🇸 officials cannot verify. YMTC is also under scrutiny from the Biden admin for potentially selling products to blacklisted Chinese telco Huawei.
