Home Tech APPLE’S HUGE MANUFACTURING FUND

APPLE’S HUGE MANUFACTURING FUND

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Apple CEO Tim Cook says his company has created 2 million jobs in the U.S., adding the tech giant was setting up a $1 billion fund to promote advanced manufacturing in the country.

The 2 million number counts not only the 80,000 Apple employees in the U.S., but also 450,000 jobs through the company’s U.S.-based suppliers (up 90,000 from last year), and an additional 1.53 million jobs for developers who design apps and other products for the App Store.

“We buy a lot from U.S. suppliers, and this includes things like we manufacture here, our suppliers manufacture here,” Cook told CNBC’s Jim Cramer Wednesday. “Corning is an example of this. We buy the glass from iPhone and iPad from Corning. But there’s many other examples.

We buy adhesives from 3M. 3M manufactures in my home state of Alabama and many other places as well. And so we actually spent over $50 billion last year in this country.”

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