TECH - Taiwan Semi and Murata Join Apple in $280M Green Initiative | Benzinga
Apple Inc’s (NASDAQ:AAPL) suppliers, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Murata Manufacturing Co (OTC:MRAAF), are contributing to the iPhone maker’s green investment initiative, increasing the total committed capital to $280 million.
TSMC has pledged to invest up to $50 million, and Murata will contribute up to $30 million.
Apple has allocated up to $200 million to this fund, managed by Climate Asset Management, a collaboration between HSBC Asset Management and the environmentally focused group Pollination.
This initiative, the Restore Fund, aims to support carbon removal efforts through nature-based solutions while protecting critical ecosystems, Bloomberg reports.
In its initial phase in 2021, Apple, alongside Goldman Sachs Group Inc (NYSE: