In 2016, Apple CEO Tim Cook signed a $ 275 billion deal to show favor to the Chinese.done
Cook signed a five-year agreement in 2016 to prevent the outbreak of threatening regulatory measures against the Chinese government and Apple.According to the document viewed by information, Apple wasn’t doing enough to help the local Chinese government. However, Cook’s approval agreement said Apple would help improve China’s economy and technology.
As part of the agreement, Apple will create “state-of-the-art manufacturing technology” for Chinese, use more components from Chinese suppliers, sign contracts with domestic software companies, and invest directly in Chinese technology companies. We have agreed to support our research with the university. Based in China, we train the most talented technicians in China and support about 12 causes belonging to the Chinese government.
In return for helping the Chinese, Apple received certain benefits that other foreign companies never wanted to receive.
Apple has also promised to spend billions of dollars domestically than it had already spent on setting up new R & D facilities, building retail stores, and working on renewable energy-based projects.Documents viewed information Helped reach the conclusion that the deal required Apple to spend more than $ 275 billion over 10 years.
If both parties do not object, the agreement will automatically be extended for another year and will be enforced until May 2022. By signing a deal and working with the Chinese government, we were able to prevent Apple from limiting its domestic business opportunities.
According to the information, Apple relies heavily on Tim Cook to make international transactions, and when he leaves Apple, the company may have problems dealing with foreign governments.
Tim Cook signs a secret $ 275 billion agreement with China to get concessions from the government
https://www.phonearena.com/news/cook-signed-secret-275-million-deal-with-china_id136954 Tim Cook signs a secret $ 275 billion agreement with China to get concessions from the government