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Apple in talks for first order with a Chinese chipmaker

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

Customers check out products at an Apple store in Beijing. (Photo by Akira Kodaka)

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

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

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