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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move highlighting the complexities of US-China relations, Apple is lobbying the Trump administration for approval to purchase memory chips from ChangXin Memory Technologies (CXMT), a Chinese company blacklisted by the Pentagon. According to a Financial Times report cited by Reuters, Apple is pressing behind the scenes to secure this clearance amid escalating trade tensions.
The request comes as Apple seeks to diversify its chip supply chain under strict US export rules. Apple stock (AAPL) closed at $283.78 on June 26, 2026, per market data, trading in a range of $274.21 to $285.95. By comparison, Google (GOOGL) ended at $337.39, Meta (META) at $550.25, and Microsoft (MSFT) at $372.97.
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Sign InApple may face increased regulatory scrutiny as the market awaits the Trump administration's response. AAPL posted a wide trading range in the last session, with resistance near $285.95 and support around $274.21 acting as key levels for investors. Traders are watching for any official statements or signals on chip policy, as approval would mark a significant shift in trade restrictions.