Tech Brew Ride Home Tue. 12/07 – Tim Cook’s Secret China Deal?
Dec 7, 2021
Discover the secret $275 billion deal that bolstered Apple's presence in China, solidifying Tim Cook's influence. Learn about Intel's strategic move to spin off Mobileye and Samsung's significant corporate restructuring. Uncover the troubling practice of a popular app selling user location data, raising privacy concerns. Explore the rising European tech market, with startups securing record funding and NFTs exploding to over $26.9 billion in spending. Plus, get insights into groundbreaking quantum technology innovations.
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Tim Cook's Secret China Deal
- In 2016, Tim Cook reportedly signed a secret $275 billion deal with Chinese officials.
- This was to bolster Apple's presence in China after regulatory actions hurt sales.
Samsung Merges Divisions
- Following record earnings, Samsung is merging its mobile and consumer electronics divisions.
- J.H. Han will lead the new unit, aiming to improve synergy and drive new technologies.
Intel's Mobileye IPO
- Intel plans to take Mobileye public with a valuation exceeding $50 billion.
- This represents a significant return, as Intel acquired Mobileye for $15 billion in 2017.