Business Brief (June 29): Apple Said to Lobby Trump Administration for Chinese Chips

Published: Jun. 29, 2026 6:13 p.m. GMT+8

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Apple lobbies Trump administration for Chinese chips

Apple is lobbying the Trump administration for approval to buy memory chips from Chinese manufacturer CXMT Corp., the Financial Times reported. The U.S. tech giant approached the Commerce Department more than a month ago and has been communicating with other officials in Washington.

Meituan plans stock buybacks

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Apple lobbies Trump administration to buy memory chips from Chinese CXMT Corp.
Meituan plans share buybacks, citing severely undervalued valuation and HK$200 billion market cap drop.
China released 7 AI agent interconnection standards; ODI rose 3% to 507B yuan; VW plans 100,000 layoffs.

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Who’s Who

英文: Apple is lobbying the Trump administration to approve buying memory chips from Chinese manufacturer CXMT. Meituan plans stock buybacks citing undervaluation. China released seven national standards for AI agent interconnection. China's outbound direct investment rose 3% in Jan-May. Volkswagen plans to lay off 100,000 employees globally.

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