techspot Tim Cook signed secret $275 billion deal with China

[UltraMega]

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The Information reports that Cook personally signed the deal in 2016 during his visits to China. It’s claimed that interviews and internal Apple documents show he "personally lobbied officials" over threats of regulatory action against Apple Pay, iCloud, and the App Store.

 

Cook signed a "memorandum of understanding" with China’s National Development and Reform Commission that involved Apple making concessions in exchange for legal exemptions.

 

Apple’s promise included helping Chinese manufacturers develop advanced manufacturing technologies and support with training of Chinese talents, using more Chinese-sourced components in its devices, signing deals with the country’s software firms, and investing directly in Chinese companies. Additionally, some of the billions of dollars Apple put into the country would go toward retail stores, research and development centers, and renewable energy projects.

Tim Cook reportedly signed secret $275 billion investment deal with China to help Apple succeed in the country

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The Information reports that Cook personally signed the deal in 2016 during his visits to China. It’s...

 

This is sure to upset some people.