Select Page

Tim Cook announces $1 billion investment in “advanced” US manufacturing

Apple plans to create a $1 billion fund to invest in “advanced manufacturing” jobs in the United States. CEO Tim Cook made the announcement last night in a CNBC interview with Mad Money host Jim Cramer, and he says that Apple plans to announce its first investment later this month. Cook wants the new fund to create a “ripple effect” in the job market—he says that the manufacturing jobs created directly by the fund will also create service jobs needed to support them.

“Advanced manufacturing” is a bit vague, but generally speaking, it’s an umbrella term that encompasses creating technologically advanced products or improving the processes by which those products are created. The announcement was accompanied by a new “job creation” page on Apple’s site, which highlights the 2,000,000 jobs Apple directly and indirectly supports in the United States.

Download your "Special Report on Passwords and Password Security"

You have Successfully Subscribed!

The Next Masterclass is Coming Soon!

Fill out the form below and be notified as soon as the registration for the next Masterclass opens.

Thank you, we'll notify you as soon as the Masterclass registration opens!