Apple will invest $1 billion to promote advanced manufacturing jobs in the U.S.


Tim Cook may disagree with President Donald Trump on many topics, but creating manufacturing jobs in the U.S. is definitely not one of them. This fact became clear again yesterday when, in an interview with CNBC, Apple’s CEO said his company planned to invest $1 billion in a fund to promote creation of advanced manufacturing jobs in the U.S.


As we all remember, during the presidential election, Trump nibbled Apple for manufacturing some of the company’s main products in China, but the announcement that Cook made yesterday looks like a good response to this criticism and will probably be welcomed by most Americans. And despite the fact that Apple’s CEO has been against Donald Trump's election since his campaign first started, he joined the President’s tech summit in December 2016 and, after the meeting, expressed his readiness to work with the Government on key areas including privacy and security, education, and creating jobs.

“Creating jobs is a key part of what we do by giving people opportunity not only with people that work directly for Apple, but the large number of people that are in our ecosystem. We’re really proud that we’ve created 2 million jobs, just in this country”, Tim Cook said back then in a statement to Apple’s employees.

source: CNBC via Cnet

FEATURED VIDEO

29 Comments

1. markobarko

Posts: 176; Member since: Oct 09, 2016

HAHAHA dodging taxes in billions and billions and investing peanuts in USA, this is pathetic.

9. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Well the last time Apple invested 1 Billion in anything the whole operation went straight to hell and ended up destroying a company as well as iFans' dreams of a sapphire screen.

12. joevsyou

Posts: 1091; Member since: Feb 28, 2015

who's dodging?

24. marorun

Posts: 5029; Member since: Mar 30, 2015

Joev paying 0.01% tax is dodging.

13. bucky

Posts: 3784; Member since: Sep 30, 2009

Lol I love it. When apples involved you care about taxes.

2. xondk

Posts: 1904; Member since: Mar 25, 2014

I'm predicting more expensive devices because its 'made in america', heck probably even increasing the profit margin on their products because of that, but people will buy them gladly.

25. marorun

Posts: 5029; Member since: Mar 30, 2015

And they gonna use robot to build them.. 10000 chinese worker replaced by 100 robots with 5-6 maintenance ppl lol.

30. xondk

Posts: 1904; Member since: Mar 25, 2014

Well probably, but I think my prediction will hold true regardless.

3. Nine1Sickness

Posts: 896; Member since: Jan 30, 2011

Most people working for Apple in the US are employed through temp agencies. They're technically not even working for Apple.

7. technitude

Posts: 263; Member since: Dec 19, 2013

Its probably going to be as automated as possible. I doubt there will be as many jobs created as it might appear.

29. sissy246

Posts: 7111; Member since: Mar 04, 2015

Another way for apple and these other scum companies that do that to get out of paying workers good and providing insurance for them.

4. DonaldTrump

Posts: 3; Member since: May 04, 2017

Thank you Tim, make America great again.

5. HillaryClinton2020

Posts: 191; Member since: Feb 08, 2017

Tuck Frump, made in China is much more quality than made in misogynist racist American. Hell no!

8. NoToFanboys

Posts: 3231; Member since: Oct 03, 2015

Last time you were honoring America for having Apple as top selling smartphone while bashing China because Apple is not leading there. What happened now?

10. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

HillaryClinton2020, aka Vincent Liu, aka Snakeboy......what happened? You changed your opinion, its a miracle or is it the female hormones talking?

26. marorun

Posts: 5029; Member since: Mar 30, 2015

Liberal double standard hit again!

28. sissy246

Posts: 7111; Member since: Mar 04, 2015

You are the only racist one on this site.

6. SPASE

Posts: 261; Member since: May 03, 2013

"Advanced" robotic?

11. joevsyou

Posts: 1091; Member since: Feb 28, 2015

"advanced manufacturing jobs" = for every 100 jobs, 99 of the jobs are done by robot

14. Tabby_Tiger

Posts: 305; Member since: Jan 23, 2017

"We’re really proud that we’ve created 2 million jobs, just in this country” Surely, this sounds like an exaggeration.

16. cmdacos

Posts: 4200; Member since: Nov 01, 2016

He's counting app developers based in the US

17. mike2959

Posts: 694; Member since: Oct 08, 2011

Go Trump!! Geo economics have been very unfavorable for U.S. based companies for the last 40 years. It's about time to get the Ford's and Chevy's in China and Japan. Long overdue.

22. ph00ny

Posts: 2031; Member since: May 26, 2011

Chevy in korea is not because Chevy decided to set up shop there but due to the fact that they acquired Daewoo who at the time was one of the top 3 automotive companies in korea

18. k9luvr

Posts: 122; Member since: Oct 17, 2016

Cook said "By doing that, we can be the ripple in the pond. Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them." He is exactly right. Here's how it works: about 5 years ago Apple built a server farm 10 miles from my home. Huge structure ! It created many jobs. About 12 people actually work for Apple and have benefits from Apple. All of the rest of the workers are "subcontractors" who work at or near minimum wage and NO benefits. Cook is correct in that server farm has created some other minimum wage no benefit jobs. And that folks is how Apple works. Exploit the little guy to make the rich fat cat investor even richer.

21. cmdacos

Posts: 4200; Member since: Nov 01, 2016

Looks great as a headline though and that's all Apple needs to invest in because 95% of people don't dig deeper into facts. Marketing genius.

19. sraj49

Posts: 42; Member since: Sep 12, 2014

One billion dollar is nothing. It may be one fourth of their advertising budget. Also this will still mean that Apple phones will be manufactured by third party manufacturers only. This move definitely doesn't seem to be to bring manuscript in-house but to have some exclusivity. It could still be Foxcon who have been talking about setting up manufacturing facility in USA. Apple know how to market not only the products but also the company image. With 255 billion dollars cash, which Conners like you and me have put in to their pocket, thru can set up their own facility which they will not.

23. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

Not surprise- this is just a way Apple Tax lawyers want to promote the image of the company and convey a false sense of patriotism. Look Apple, Microsoft, Google, Oracle etc will never bring back the billions they have off shore to america to pay their fair share of taxes. Unless our congress ( republicans and democrats) got serious on corporate tax reforms , Lobbyists,and political pacts that have such tremendous access to Washington D.C. will continue to raze us middle classes and have us and our grade children pay the bills. If congress was to place an import tax on all American companies that manufacture their products off shore ( but give a good break to companies that produce on shore) how quickly we would see all those manufacturing jobs comeback and billions of of shore money pour back in.

27. marorun

Posts: 5029; Member since: Mar 30, 2015

Agreed. They just need to make the calculation... How much Apple save by doing it in china in % compared to doing in it USA. Slam import tax on those of the same % they save but make tax break if they bring back manufacturing in USA. Thats way they wont have a choice.

* Some comments have been hidden, because they don't meet the discussions rules.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.