It is reported that Apple CEO Tim Cook secretly signed a 30 trillion yen five-year contract with the Chinese government
When Apple CEO Tim Cook visited China in 2016, he signed a $ 275 billion five-year contract with the Chinese government, IT news site The Information reports.
Inside Tim Cook's Secret $ 275 Billion Deal with Chinese Authorities — The Information
Apple CEO Tim Cook'Secretly' Signed $ 275 Billion Deal With China in 2016 --MacRumors
https://www.macrumors.com/2021/12/07/apple-ceo-tim-cook-secret-deal-with-china/
Report: Apple CEO Tim Cook engineered a secret $ 275 billion deal with China | Ars Technica
https://arstechnica.com/gadgets/2021/12/report-apple-ceo-tim-cook-engineered-a-secret-275-billion-deal-with-china/
In May 2016, CEO Cook invested $ 1 billion in the Chinese car transfer service Didi Chuxing. Immediately after the investment, Cook, along with Apple COO Jeff Williams and government affairs officer Lisa Jackson, was central to the Chinese Communist Party, according to an internal document obtained by The Information. He said he had a meeting with a high-ranking government official at the headquarters.
For some time, Apple executives have been worried that 'Apple is being swayed by the Chinese government,' and they were looking for ways to improve their relationship. Cook tried to reach an agreement on Apple Pay, iCloud, and the App Store deregulation using a 'Memorandum of Understanding' between the National Development and Reform Commission of the People's Republic of China and Apple, The Information reports. I am.
The contents of this agreement are to help Chinese manufacturers develop 'most advanced manufacturing technology' and develop human resources, to use more parts from Chinese suppliers, and to use more parts from Chinese suppliers. Dealing with software companies, cooperating with research conducted by Chinese universities, investing in high-tech companies in China, cooperating with the Chinese government, etc. In return, Apple will have access to the Chinese market and will be exempt from various regulatory measures.
The Information reports that Apple has invested more than $ 275 billion in China over five years, including opening new retail stores and R & D facilities and developing renewable energy projects. This agreement is valid for 5 years from May 2016 to May 2021, but will be automatically extended to May 2022 if there is no objection from both Apple and the Chinese government. It is said that there is.
by Blowing Puffer Fish
In an interview with the New York Times in April 2021, CEO Cook said, 'I will retire within 10 years.' The Information suggests that Apple relies heavily on Cook's presence to negotiate with governments, which can make it difficult for Apple to respond to government relations after Cook's retirement. I'm guessing.
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