billion secret deal with the Chinese government in 2016, according to US media.
Under the agreement, Apple Corps will invest heavily in China and provide state-of-the-art training to local manufacturers to make the most of Apple products and the parts used in them. ۔
News published on the websites “The Information” and “Business Insider” said that new business and trade laws in China have put Apple Corporation at risk.
On the other hand, the Chinese authorities started objecting to Apple Corporation saying that it is not doing anything for the local industry and economy.
To handle these matters, Tim Cook visited China several times in 2016, where he also signed memoranda of understanding with Chinese companies.
According to the memorandum, Apple Corporation promised to assist Chinese manufacturers in setting up advanced factories to manufacture state-of-the-art digital equipment and parts and to train their workers.
Not only that, but Apple has promised to buy parts manufactured in these factories and to add billions of dollars to its existing investment to support research and development in China. Strengthen the centers.
The Information also reported that the five-year secret agreement benefited the IT industry in China on the one hand and Apple Corps on the other. I) earned 68 68 billion, which was 20% of its total global revenue last year.
Apple Corps moved its “iCloud Operations” to China under the same secret agreement and gave special preference to Chinese suppliers for its latest iPhone.
In addition to information technology, it set up a کروڑ 300 million investment fund for pollution-free energy and entered into a formal agreement with the largest wind turbine manufacturer in China.
So far, Apple Corps has been completely silent on the alleged “secret agreement”, but “The Information” and “Business Insider” insist their information is accurate.