Manufacturing jobs probably aren't coming back to the U.S.,?? ??? ??? ??? but that's not stopping Apple from investing in U.S. job creation.
In an interview with CNBC, CEO Tim Cook announced a new $1 billion fund that would support advanced manufacturing jobs in the United States. Cook shared the news before Apple released new information about the make up of its workforce.
"We asked ourselves, how can we get more people to do advanced manufacturing in the United States?" Cook said. "And I'm proud to tell you that we're creating an advanced manufacturing fund. We're initially putting $1 billion in the fund."
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Cook said in his CNBC segment that his interviewer was the first person he had told about this plan, besides staff at the company Apple plans to invest in. The tech giant will announce the fund's first investment later this month, explained Cook.
Apple also said Wednesday that it had created 2 million U.S. jobs — 1.53 million of which are jobs "attributable to the App Store ecosystem," not jobs directly under Apple.
In the past, President Donald Trump has criticized Apple for manufacturing its iPhones overseas, rather than in the United States, so who knows, maybe he'll take credit for Apple's latest jobs investment? (After all, Trump did take credit for Amazon creating new jobs back in January.)
We'll be waiting for the Trump tweet in response to this news.
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