Apple to Use Chinese-Made Chips in New iPhones? Apple to Use Chinese-Made Chips in New iPhones? – NTK Network

Apple to Use Chinese-Made Chips in New iPhones?

The news comes after U.S. leaders praised Apple for bringing home billions in overseas cash.

By NTK Staff | 02.14.2018 @2:15pm
Apple to Use Chinese-Made Chips in New iPhones?

For a few short weeks, tech giant Apple was the darling of U.S. politics.

The California-based company announced it would return $269 billion in cash held in overseas accounts to the United States. To do so, the company announced they would pay a $38-billion tax bill, thanks to lower rates set in place by the GOP tax bill passed late last year.

But on Wednesday, CNBC reported Apple is looking to use a Chinese chip manufacturer for the first time, undercutting the goodwill from the tech company’s cash repatriation.

Apple is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker’s first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday.

Apple will use these chips in new iPhone models and other products for sale in the Chinese domestic market specifically, the Nikkei reported, citing two people familiar with the matter.

After Apple announced it was bringing its massive cash haul back to the U.S., President Trump praised the company on several occasions. But this week’s move is sure to trouble the “America First” administration, which wants to see more investment in U.S. businesses.

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