Apple plans to create a $1 billion fund to invest in US companies that perform advanced manufacturing, chief executive officer Tim Cook said a few days ago, the iPhone maker’s latest effort to show how it is creating US jobs.
The Cupertino, California company will announce the fund’s first investment later in May, Cook said during an interview on CNBC.
Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer.
Tech giant Apple looks to have decided to expand its manufacturing operations in the US. The company filed a notification in the Federal Register apparently to that effect.
A statement on the Federal Register website says that Apple already has authority to manufacture within the Mesa, Arizona region. “The new request would add finished products and foreign status materials and components to the scope of authority,” it says.
TechCrunch notes that the statement included a mention of Apple’s plan to build data centre server cabinets, which is not a consumer product Apple sells and, therefore, TechCrunch presumes, would be “used for building out its own data centers”. Continue reading Apple to expand manufacturing in America