Tim Cook reportedly signed five-year $275bn deal with Chinese officials

The Information reports Apple CEO’s agreement will placate threats that would have hobbled its devices and services in the country

Tim Cook, the chief executive of Apple, signed an agreement with Chinese officials, estimated to be worth about $275bn, to placate threats that would have hobbled its devices and services in the country, The Information reported on Tuesday.

Apple did not immediately respond to a Reuters request for comment.

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source https://www.theguardian.com/technology/2021/dec/07/apple-china-deal-tim-cook