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Benzinga
Benzinga
Politics
Anusuya Lahiri

Read How Apple Plans To Beat Chip Crisis and Continue To Score In China

Apple Inc (NASDAQ:AAPL) is exploring new sources of the memory chips that go into iPhones, including its first Chinese producer of the critical component, Bloomberg reports.

In February, Apple's crucial partner Kioxia Holdings Corp halted production at two plants due to material contamination, further jeopardizing the ongoing semiconductor crisis. Bloomberg notes that the halt could push flash memory chip prices up 5% to 10% in the June quarter.

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