In what’s certainly been a challenging year in terms of cyberattacks, tech giant Apple (NASDAQ:AAPL) is putting forth its best efforts to further eliminate cybercrimes.
On Wednesday (July 13), the company announced it will be opening its first data center in China in order to adhere to the country’s new cybersecurity laws, which were introduced in early June.
According to Reuters, the company will build the center in Guizhou together with data management firm Guizhou-Cloud Big Data Industry.
Furthermore, the New York Times has reported that the center will be part of a $1 billion investment and operated in a partnership with a local data management company.
“The addition of this data center will allow us to improve the speed and reliability of our products and services while also complying with newly passed regulations,” Apple said in a statement.
The statement continued, highlighting that the regulations need cloud services to be operated by Chinese companies.
According to the New York Times, Apple said the new center will keep strong data privacy and security protections in place,” and that there will be no ways for outsiders–or even the government–to get around the company’s encryption protection.
“The addition of this data center will allow us to improve the speed and reliability of our products and services while also complying with newly passed regulations,” the company said.
Passed at the end of May, China’s cybersecurity law is the first of its kind in the country, and will prohibit online providers from collecting personal information. People will also be able to ask service providers to remove their personal information, should it be compromised in any way. According to Lexology, in the months ahead, the new Cybersecurity Administration of China (CAC), which oversees the Cybersecurity Law (CSL), is expected to release more comprehensive implementing regulations.
Following Apple’s announcement last week, shares of the company have increased marginally by 4.09 percent to $150.08. Year-to-date, Apple’s share have risen 29.58 percent.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.