WS #10858
Apple is lobbying the Trump administration for an exception to buy memory chips from blacklisted Chinese supplier CXMT, which could alleviate supply chain pressure but carries geopolitical risk. Rising memory chip costs are driving a tech selloff, with Seagate, Sandisk, and Western Digital down 7-10%, while Apple and Microsoft recover slightly. Australia will double fines on social media companies for failing to keep children off platforms, raising maximum penalty to $68 million. Qualcomm is pushing into data center CPUs with Meta as a customer for Dragonfly server CPUs, targeting Nvidia's AI hardware dominance.
Apple CXMT lobbying
Apple is lobbying the Trump administration for an exception to buy memory chips from blacklisted Chinese supplier CXMT, which could alleviate supply chain pressure but carries geopolitical risk.
Rising memory chip costs are driving a tech selloff, with Seagate, Sandisk, and Western Digital down 7-10%, while Apple and Microsoft recover slightly.
Australia will double fines on social media companies for failing to keep children off platforms, raising maximum penalty to $68 million.
Qualcomm is pushing into data center CPUs with Meta as a customer for Dragonfly server CPUs, targeting Nvidia's AI hardware dominance.