United States — United States Department of Commerce & Micron Technology

United States — United States Department of Commerce: The United States — United States Department of Commerce is the agency Apple Inc. initially approached to seek an exemption for purchasing chips from Yangtze Memory Technologies. This department is responsible for enforcing trade restrictions and managing the Entity List, which could impose severe licensing requirements on transactions with blacklisted companies.

Micron Technology: Micron Technology is one of the three major non-Chinese memory chip suppliers Apple Inc. currently relies on. The event highlights the consolidation of the memory chip industry outside of China and the potential impact on Micron Technology if Apple Inc. is allowed to diversify its supply chain to include Chinese firms.

United States — United States Department of Commerce: The United States — United States Department of Commerce reported a slowdown in retail sales in April, with higher gas prices fueled by the Iran war meaning less money for nonessential goods.

Micron Technology: Micron Technology's stock dropped, tracking losses in tech shares and indicating a cooling of the AI boom's impact on semiconductor companies.