Apple reportedly looking at China as an iPhone memory chip source
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Apple (NASDAQ:AAPL) is reportedly looking at China and other locations for potential sources of iPhone memory chips due to supply disruptions at one of its long-time component providers.
According to a report from Bloomberg, Apple (AAPL) is considering using suppliers in China for the first time after Japan's Kioxia Holdings had to ditch a large number of memory chips that had become contaminated during the manufacturing process. Apple (AAPL) also uses chips produced by Micron Technology (MU) and Samsung Electronics (OTC:SSNLF), but is reportedly looking to diversify its supplier base in response to ongoing issues affecting the semiconductor industry.

Apple (AAPL) is said to be testing NAND flash memory chips made by Yangtze Memory Technologies, which itself is owned by Tsinghua Unigroup. However, any such tie-up could be met with some criticism due to the Chinese company's connections with the Beijing government.
Separately, Apple (AAPL) and Facebook parent company Meta Platforms (FB) were said to have given customer data such as addresses, phone numbers and IP addresses to hackers who passed themselves off as governmental law-enforcement officials.