Apple Inc., AAPLPreliminary discussions between Apple and CXMT regarding a potential supply agreement are underway, though the tech giant is holding for federal government authorization before advancing further. Memory component pricing has surged amid aggressive AI sector demand, compelling the company to implement price increases across its global product portfolio. Apple’s options are limited to procuring ready-made CXMT components and price negotiations, according to export control specialist Kevin Wolf, an attorney with Akin Gump. CXMT completed its Shanghai stock exchange debut recently and has emerged as mainland China’s highest-valued publicly traded enterprise. The U.S. Department of Defense has designated CXMT on its roster of entities allegedly connected to Chinese military operations.