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Apple Blocked from Buying Chinese Chips, Slashes Prices

7/2/2026

34 7 Full Breakdown

Summary

Story summary

Apple sought approval to buy chips from Chinese firms ChangXin (CXMT) and Yangtze (YMTC), on the Pentagon blacklist for alleged PLA ties.
The request was denied.
CEO Tim Cook told Secretary Scott Bessent that “everything needs to be on the table.”
Apple raised Mac, iPad and Vision Pro prices by $30-$1,300, then in late June 2026 cut prices by $100-$500 to offset memory costs from a DRAM/NAND shift to high-bandwidth memory.

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Story summary

Apple sought approval to buy chips from Chinese firms ChangXin (CXMT) and Yangtze (YMTC), on the Pentagon blacklist for alleged PLA ties.
The request was denied.
CEO Tim Cook told Secretary Scott Bessent that “everything needs to be on the table.”
Apple raised Mac, iPad and Vision Pro prices by $30-$1,300, then in late June 2026 cut prices by $100-$500 to offset memory costs from a DRAM/NAND shift to high-bandwidth memory.