Apple Wants To Buy Memory From China As Soaring Chip Prices Spark Inflation Shock

Apple is looking to source memory chips from China amid skyrocketing chip prices that are contributing to an inflation shock. This move comes after Apple experienced its largest single-day market cap drop in history, losing over a quarter trillion dollars, following an announcement of significant price hikes for some products. By sourcing components from China, Apple aims to mitigate the impact of these rising costs, though it underscores the broader issue of supply chain vulnerabilities and the inflationary pressures affecting global markets.