“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