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Apple Launches a $300 Million Fund to Bring Clean Energy to China

In September 2016, Apple opened its first China R&D centre in Beijing's Zhongguancun Science Park, often referred to as "China's Silicon Valley"

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The China Clean Energy Fund will be managed through a third party, DWS Group, which specialises in sustainable investments and will also invest in the fund, Apple said.
The China Clean Energy Fund will be managed through a third party, DWS Group, which specialises in sustainable investments and will also invest in the fund, Apple said. Pixabay

Amid heightened trade tensions between the US and China, tech giant Apple has joined hands with its suppliers to launch a $300 million clean energy fund in China.

The “China Clean Energy Fund” will invest in and develop clean-energy projects totalling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes, Apple said in a statement on Thursday.

“At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” said Lisa Jackson, Apple’s Vice President of Environment, Policy and Social Initiatives.

The Cupertino, California-headquartered tech giant said 10 of its initial suppliers have come forward to jointly invest in the nearly $300 million fund over the next four years.

“We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet,” Jackson said.

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Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou. Pixabay

By virtue of its size and scale, the China Clean Energy Fund will give its participants the advantage of greater purchasing power and the ability to attain more attractive and diverse clean energy solutions.

The China Clean Energy Fund will be managed through a third party, DWS Group, which specialises in sustainable investments and will also invest in the fund, Apple said.

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The announcement to invest in the clean energy fund in China follows Apple’s announcement earlier in 2018 that its global facilities are powered by 100 per cent clean energy and the launch of its Supplier Clean Energy Programme in 2015.

Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou.

In September 2016, Apple opened its first China R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. (IANS)

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Apple to Capture Dominant Share in 5G Smartphone Market

Apple is mobilising suppliers to produce its first 5G iPhones next year

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Apple plans to launch three 5G phones and ship at least 80 million of the new devices, Pixabay

Entry of Apple into the 5G race in the third quarter of 2020 will catapult the iPhone maker to top position, ahead of Samsung and Huawei, a new report has predicted.

According to market research firm Strategy Analytics, Apple will capture a dominant share in the emerging smartphone technology segment next year.

“It may seem counter-intuitive that Apple, which currently has no 5G phones in its portfolio will be able to pass current 5G market leaders Samsung and Huawei,” Ken Hyers, Director at Strategy Analytics, said in a statement.

“But with three new 5G models coming next year, Apple merely needs to match its current upgrade rates for newly introduced iPhone models to take the lead next year,” he added.

Samsung currently is the undisputed market leader in 5G smartphones.

“But with the two largest 5G markets in 2020, China and the US, dominated by Huawei and Apple respectively, these two vendors are set to lead in 5G next year,” commented Ville-Petteri Ukonaho, Associate Director at Strategy Analytics.

Apple is mobilising suppliers to produce its first 5G iPhones next year, reports the Nikkei Asian Review.

Apple plans to launch three 5G phones and ship at least 80 million of the new devices, said the report, citing sources.

While leading smartphone players like Samsung and Huawei have launched their 5G phones, Apple’s iPhone 11 series supports 4G.

The new iPhones will carry the most advanced 5G modem chip, known as X55 that is designed by Qualcomm, according to the Nikkei report. The iPhones will be powered by Apple’s latest-generation processor, known as A14.

However, in the longer term Samsung will regain the 5G crown.

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Entry of Apple into the 5G race in the third quarter of 2020 will catapult the iPhone maker to top position, ahead of Samsung and Huawei, a new report has predicted. Pixabay

“As more markets cut over to 5G, Samsung will capture the majority of that share by virtue of its dominance of the overall smartphone market and a broader portfolio of 5G devices across more price-bands,” said Hyers.

Huawei’s potential in 5G smartphone sales is currently limited by the US technology trade ban.

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“Huawei is dominant in China and will likely remain so. But until the ban is lifted, prospects for Huawei in 5G smartphone sales elsewhere are limited,” said Ville-Petteri Ukonaho from Strategy Analytics. (IANS)