Apple has stopped plans to make use of the YMTC chip from China: report

Asian Trade TVOctober 17, 2022

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Apple had initially intended to begin using the state-funded YMTC’s flash memory chips.

U.S. tech giant Apple Inc (AAPL.O) has put off plans to incorporate memory chips made by the Chinese company Yangtze Memory Technologies Co (YMTC) in its products following Washington has tightened export restrictions against Chinese tech companies according to the Nikkei published on Monday.Apple initially planned to begin using YMTC’s state-funded NAND flash memory chip in the beginning of the beginning of this year Nikkei stated, and cited sources with knowledge of the matter. The chips were initially designed to be only used for iPhones available in China. Chinese market.

It is considering buying up to 40 percent of the chips by the entire line of iPhones from YMTC The newspaper reported.

The United States last week added the top memory chip maker in China YMTC as well as 30 other Chinese companies to a list of businesses which U.S. officials have been in a position to not inspect, ramping on tensions Beijing beginning with a 60-day clock that could lead to more severe sanctions.

YMTC is also under investigation in authorities from the U.S. Commerce Department over whether it was in violation of Washington’s export restrictions in selling its chips to banned Chinese Telecommunications company Huawei Technologies Co Ltd.

Biden administration’s comprehensive control of exports to China is a plan to slow China’s technological and military advancements by cutting China’s supply away from certain semiconductor chips produced anywhere in the world that use U.S. equipment.

Apple has not yet responded in a timely manner to Reuters the request to comments and YMTC declined to comment.