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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
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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.

Also Read: Apple Updates MacBook Pro with Faster Performance And New Features for Pros

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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Teenage Fan of Apple Cracks its Secure Systems

The magistrate has acknowledged the teenager's guilty plea and he is set to be sentenced next month due to the "complexities" of the case

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Apple
Teenager Apple fan hacks into its secure systems.

An Australian teenager pleaded guilty to charges of hacking into Apple’s secure systems and said that he was a fan of the technology giant and hoped to work there one day, the media reported.

The 16-year-old boy is facing criminal charges after the technology giant called in the Federal Bureau of Investigation (FBI).

“The teen, who cannot be named for legal reasons, broke into Apple’s mainframe from his suburban home on multiple occasions over a year because he was such a fan of the company, according to his lawyer,” The Age reported late on Thursday.

The teenager, who studies in a private school, reportedly stored the saved information in a folder titled “hacky hack hack”.

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The 16-year-old boy is facing criminal charges after the technology giant called in the Federal Bureau of Investigation (FBI). Pixabay

He was able to access authorized keys, view customer accounts and download 90GB of secure files before being caught.

 “The teen’s defence lawyer said his client had become so well known in the international hacking community that even mentioning the case in detail could expose him to risk,” the report added.
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The magistrate has acknowledged the teenager’s guilty plea and he is set to be sentenced next month due to the “complexities” of the case. (IANS)

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