Apple (NASDAQ:AAPL) Heeding President Trump’s Call, Investing in US Jobs
Apple CEO Tim Cook said Wednesday his company is putting $1-B into a fund to invest in advanced manufacturing jobs in the United States.
Mr. Cook made the announcement during a TV interview Wednesday saying his company is always searching for ways to do more to bring advanced manufacturing jobs into the US.
The first $1-B is an initial donation, he said, and Apple already has talked to one company it wants to invest in. He did not identify the company, but said more about the fund will be announced later this month.
“By doing that, we can be the ripple in the pond,” Mr. Cook said. “If we can create many manufacturing jobs, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.”
He added Apple will give money to programs to train more app developers as well, with an announcement coming this Cummer.
“You can see, we’re really looking at this thing deeply,” he said. “How do we grow our employee base? How do we grow our developer base? And how do we grow manufacturing? And you will see us bring things to market in all of those areas across this year.”
Apple is among a growing number of companies announcing moves to add to American jobs at the request of President Donald Trump, who campaigned on bringing jobs back to America from overseas.
Apple provides more than 100,000 jobs already in the United States and uses many American suppliers, including Corning (NYSE:GLW), which makes the screens for iPhones and iPads.
|NASDAQ:AAPL||147.06||3 May 2017||-0.45||145.59||147.49||144.27||45,681,600|
|HeffX-LTN Analysis for AAPL:||Overall||Short||Intermediate||Long|
|Bullish (0.29)||Neutral (0.12)||Bullish (0.33)||Bullish (0.42)|
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