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Amid escalating US-China tech tensions, Apple is reportedly seeking Pentagon approval to purchase memory chips from CXMT, a Chinese firm on the blacklist (1260H list), according to media reports.
The request comes as Washington tightens restrictions on advanced technology exports to China, with CXMT blacklisted over alleged ties to the Chinese military. Apple's stock (AAPL) closed at $283.78 on June 26, 2026, trading between $274.21 and $285.95, per market data. The move signals Apple's push to diversify its supply chain beyond traditional suppliers.
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Sign InInvestors are awaiting the US government's decision, which could set a precedent for dealing with blacklisted entities. AAPL faces support at its session low of $274.21 and resistance at $285.95. Any official statements regarding CXMT and broader semiconductor policy will be closely watched.