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Business

Apple in talks for first-ever order with a Chinese memory chipmaker

A deal with Yangtze Memory would mark a milestone in China's tech development

The iPhone X being presented to the media in Beijing in October   © Reuters

TAIPEI Apple is in talks with state-backed Yangtze Memory Technologies to buy NAND flash chips from it. The move would mark Apple's first purchase from a Chinese memory chipmaker and a huge boost to the local sector.

For Yangtze Memory, a little known technology company, securing a deal with a global entity such as Apple would be a major coup, even if the initial orders are small. And for China, a deal with Apple would go some way toward its ambition to cut dependence on foreign chip supply, an area in which Beijing has shown it is willing to invest heavily.

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