“Last night, the world’s largest wind power turbine maker, Xinjiang Goldwind Science & Technology, announced a joint venture with Apple on wind power developments in China,” Pantho Investments writes for Seeking Alpha. “I believe Apple is doing this for Foxconn in exchange for Foxconn’s U.S. expansion.”
Pantho Investments writes, “Here is a timeline of what I believe happened:”
1. Donald Trump tries to persuade Tim Cook to build a manufacturing plant in the U.S. (Fact)
2. A convinced Tim Cook talks to Foxconn (Apple’s biggest device-assembler) about building a plant in the U.S., citing benefits and potential subsidies.
3. Foxconn agrees, but only if there is some sort of investment or upgrade to its Chinese factories thrown into the deal.
4. Apple and Foxconn settle on the idea of Apple providing clean energy to Foxconn’s Chinese factories in exchange for Foxconn building a manufacturing plant in the U.S.
5. Yesterday afternoon, Foxconn announced that it was in preliminary discussions to expand its U.S. operations. (Fact)
6. And later that night, Goldwind announced a joint venture with Apple to develop wind power to China. (Fact)
7. So rather than just purchasing wind power turbines for Foxconn’s manufacturing facilities, Apple chose to take a partial equity stake in the largest wind power turbine producer in the world.
Read more in the full article here.
“Goldwind’s wholly-owned subsidiary Beijing Tianrun New Energy Investment will transfer a 30 percent stake each in four project companies to Apple,” Mitchel Broussard reports for MacRumors. “The subsidiary of Goldwind is focused on the construction and operation of wind power farms and will likely assist Apple in providing clean energy to its many iPhone manufacturing facilities in the region, potentially including well-known assemblers Foxconn and Pegatron.”
Read more in the full article here.
MacDailyNews Take: Seems plausible.
SEE ALSO:
Apple supplier Foxconn plans U.S. expansion amid President-elect Trump’s Made in America push – December 7, 2016
President-elect Trump named TIME’s Person of the Year; tells Apple CEO Cook: ‘It’s my ambition to get Apple to build a great plant, your biggest and your best’ – December 7, 2016
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump meets with Apple board member Al Gore at Trump Tower in Manhattan – December 5, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
President Donald Trump accomplishes more every eight days than the Obama failure did in eight years.
Out of the 7 points in the imagined sequence, 4 are conjecture, one is a conversation, one is in the discussion stage, and one looks for sure that it’s going to happen but that one is mostly beneficial to Chinese workers and companies.
In my mind, whether there is a cause-effect relationship between item 1 and items 5 and 6 is uncertain. And so far with Foxconn’s possible expansion into the US, that’s unclear whether it’s going to happen. If it does, it could be a good thing for US workers, although how many of what sorts of jobs might be created remains to be seen.
I wouldn’t rate this quite as impressive an accomplishment as you have just yet, even if it all turns out to be true.
You mean bullying businesses that should be able to operate under the law without executive interference?
The Koch brothers are not impressed with Trump’s meddling and poorly thought out tax proposals:
http://www.reuters.com/article/us-usa-congress-taxes-koch-idUSKBN13W2V2
bully? …you are some kinda new definition of idiot.
Trump is no bully, he is a killer.
Another gem from Meathead Mike. Thanks turd brain.
I do realise that reading Reuters is far above your comprehension level. Better you just stay in the basement, troll.
Good gawd, YOU have the nerve to call someone else a troll? That’s just precious Nancy.
God, I loathe people like you.
And to mitigate suicides, Make America Great Again hats will be given to employees, and the whole plant will be at ground level.
Isn’t it impressive how the usual right wing trolls just buy this narrative that Trump is the great savior who accomplishes all things?
Foxconn has a long history of working with Apple to use cleaner sources of power and to acquire cleaner (more lucrative) technologies. In April of 2016, Tech Review reported that Foxconn was working with Apple to install 400 megawatts of solar power in China.
https://www.technologyreview.com/s/601208/foxconn-wants-to-become-a-global-force-in-clean-energy/
MDN, are you going to give Obama credit for that? After all, he was president when this was going on. His administration worked with Apple extensively. Lisa Jackson, Apple’s VP of Environment, Policy, and Social Initiatives served as EPA secretary under Obama.
Why don’t you report complete truths and unbiased facts rather than twisting Apple news into a Trump lovefest?
How about this scenario:
1.) Apple has long committed to making it’s buildings and operations (including their supply chain) energy independent.
2.) After making most of their facilities energy independent, they are now looking at expanding that to its supply chain, which happens to include Foxconn.
3.) To help accomplish the above, they are now looking to invest in wind farms in China, where Foxconn is located.
End
Wind power is not free power. There is the entire Earth’s ecology that depends that depends on those winds for nature. From helping birds sail along longer so they can migrate to helping to disperse seeds from trees. We can really screw up the planet when we start farming wind and ocean currents. We better study the effects of taking energy from the same sources nature relies on.
Indeed nothing is free.
However, it appears that in areas where average wind is strong enough, wind power is the least impactful way for man to extract electrical power from the earth’s resources, or a close second to hydroelectric.
Ironic that righties are cheering Chinese wind power now when they’ve badmouthed it constantly when proposed in the USA.
Trump was elected in part by a bunch of disaffected coal miners who demand the right to pollute the world with their dirty product — seemingly oblivious that Obama didn’t shut them down, technology did. The world prefers the convenience of cheap easily portable natural gas and clean renewable electricity. Coal cannot compete on price or convenience, and nobody likes the air pollution it causes, except botvinnik, who we all know lives on a pile of coal and breathes the toxic fumes every day.
Also interesting is the rhetoric promoting new pipelines to pump Canadian tar across the USA when the price of oil is at near historic lows and production in the USA is rising.
Of course, it’s all short term thinking. Every generation wants to line his pockets by using the last of the resources the planet has to offer. Why care about the next generation, we want our disposable plastic junk TODAY!!! Give it another generation or two before reality sets in. When the last river is polluted and the last battle is fought over the last drop of cheap oil, man will look back and wonder why more effort wasn’t spent making sustainable energy systems sooner. Unfortunately, it may be too late. The momentum of human overpopulation and irreversible habitat destruction thanks to unsustainable economic models and the dream of endless economic growth without any limits could push humanity to a sad and violent end. The US war for control of Iraqi oil wells is just the preamble to the big show to come. Mass extinctions have happened before. In a few million years earth will spring to life anew with smarter and more responsible stewards. Or will it?
Nonsense. Long before the Donald, Apple had already invested in the largest solar farm in China. Solar works during the day, wind works often at night, so it’s just diversification of renewable energy sources. Nothing to do with Foxconn building out infrastructure in the US.
I understand that the Chinese authorities are trying to encourage Apple to adopt clean solar and wind technology to power it’s factories in China. In a reciprocal gesture, the president in waiting has insisted that any new Apple factories in the U.S. should be powered by steam engines fuelled by coal or crude oil.
that’s more like it, apple develops first wind powered car