Apple CEO Signed Secret Agreement With China Promising To Help Them, Report Says

According to a new report, Apple CEO Tim Cook secretly signed a $275 billion agreement years ago with the Chinese government in which he promised Apple would aid China’s economy and tech industries with investments as well as worker training.

The Information reported on Tuesday, “iPhone recently became the top-selling smartphone in China, its second-biggest market after the U.S., for the first time in six years. But the company owes much of that success to CEO Tim Cook, who laid the foundation years ago by secretly signing an agreement, estimated to be worth more than $275 billion, with Chinese officials promising Apple would do its part to develop China’s economy and technological prowess through investments, business deals and worker training.”

“Cook forged the five-year agreement, which hasn’t been previously reported, during the first of a series of in-person visits he made to the country in 2016 to quash a sudden burst of regulatory actions against Apple’s business, according to internal Apple documents viewed by The Information,” The Information added.

The Daily Wire reported last June that Cook contacted House Speaker Nancy Pelosi (D-CA) to block Congress’ efforts to regulate Big Tech firms.- READ MORE