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Apple Announces $1 Billion Fund to Create U.S. Jobs in Manufacturing

Posted May 05, 2017

Under Economic Issues

(Katie Benner & Nelson D. Schwartz – New York Times)

While on the campaign trail last year, Donald J. Trump lamented the loss of manufacturing jobs in the United States and set his sights on companies like Apple to help rectify the situation. “I’m going to get Apple to start making their computers and their iPhones on our land, not in China,” he said.

On Wednesday, Apple appeared to meet President Trump halfway.

While it did not announce a new manufacturing facility with thousands of manufacturing jobs, Apple, the world’s most valuable public company, said it planned to dedicate resources to American job creation with a $1 billion fund to invest in advanced manufacturing in the United States. The company said it would announce the first investment from its new fund later this month. Click here to read more.

Related: Jim Cramer Interviews Tim Cook – Complete Transcript (CNBC)