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Tech Brew Ride Home

Tue. 12/07 – Tim Cook’s Secret China Deal?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 7 December 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

The Information has a story about a secret deal Apple struck that really solidifies Tim Cook as the China whisperer. Intel proves itself to be an astute investor as it weighs a public spinoff of Mobileye. European tech startups raise all-time record amounts. Quantifying this year’s emerging NFT market. And the first ever marketable quantum computing product? Sponsors: Detectify.com/techmeme ARM Viewpoints Podcast Links: Facing Hostile Chinese Authorities, Apple CEO Signed $275 Billion Deal With Them (The Information) Samsung's mobile and consumer electronic divisions merge into one in exec reshuffle (ZDNet) Intel to List Shares in Mobileye Unit (WSJ) The Popular Family Safety App Life360 Is Selling Precise Location Data on Its Tens of Millions of Users (The Markup) Microsoft Office prices going up 20% for some business clients unless they move from monthly to annual subscriptions (CNBC) European start-up funding triples to a new record above $100 billion this year (CNBC) [Report Preview] The 2021 NFT Market Explained (Chainalysis) Honeywell Unit Offers First-Ever Quantum-Created Encryption Key (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Tuesday, December 7th, 2021. I'm Brian McCullough today.

0:09.0

The information has a story about a secret deal.

0:12.0

Apple Struck that really solidifies Tim Cook as the China

0:15.2

whisper.

0:16.2

Intel proves itself to be an astute investor as it weighs a public spin-off of mobile eye.

0:22.2

European tech startups raise all-time record amounts, quantifying

0:25.0

this year's emerging NFT market, and the first ever marketable quantum computing product,

0:30.2

here's what you miss today in the world of Tech.

0:41.6

This is interesting. The information is reporting on a secret deal between Tim Cook and the government of China brokered back in 2016, which allegedly paved the way

0:45.9

for Apple's success in that country by promising to help China develop its economy, Quoting extensively from the piece.

0:55.0

Apple's iPhone recently became the top-selling smartphone in China,

0:59.0

its second biggest market after the US for the first time in six years.

1:02.0

But the company owes much of that

1:04.0

success to CEO Tim Cook who laid the foundation years ago by secretly signing an

1:08.2

agreement estimated to be worth more than 275 billion billion with Chinese officials promising Apple would do its part

1:16.7

to develop China's economy and technological prowess through investments, business deals, and

1:21.5

worker training.

1:23.0

Cook forged the five-year agreement, which hasn't been previously reported during the first

1:27.0

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

1:34.8

according to internal Apple documents viewed by the information.

1:38.0

Before the meetings, Apple executives were scrambling to salvage the

1:41.3

company's relationship with Chinese officials who believed the company wasn't

...

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