As Trump’s trade war escalates, Tim Cook launches a $300 million renewable energy investment fund in China.
From Apple’s Thursday press release:
Cupertino, California — Apple today announced a new first-of-its-kind investment fund in China to connect suppliers with renewable energy sources. As part of Apple’s commitment to address climate change and increase the use of renewable energy within its supply chain, 10 initial suppliers and Apple will jointly invest nearly $300 million over the next four years into the China Clean Energy Fund. The fund will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes.
My take: Apple’s relationship with China will be just fine. See here.