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Sources say Apple wants to buy memory chips from Changxin Storage.

MarsBitNews
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Mars Finance News reports on June 27 that, according to reports, six insiders have revealed that in order to ease the cost pressure caused by rising memory chip prices, Apple is lobbying the U.S. government, hoping to obtain approval to purchase memory chips from China’s semiconductor company Changxin Memory Technologies (CXMT). This Thursday, Apple unusually raised the prices of its MacBook and iPad; the company’s market value evaporated by $263 billion in a single day, the second-largest single-day drop in history. Apple blamed the price increase on “unaffordable” memory prices and said it would pass the costs on to consumers. Previously, multiple consumer electronics manufacturers had already taken similar price-adjustment measures. If Changxin Memory Technologies can be incorporated into the memory supply chain, it would help relieve Apple’s predicament of being squeezed by upstream suppliers. (Zhongxin Jingwei)
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