Apple says that it intends to bolster the U.S. manufacturing sector by creating a $1 billion “advanced manufacturing fund” — with some of that initial money going toward a company the tech giant is prepared to partner with, chief executive Tim Cook said.

The announcement, which Cook made Wednesday on CNBC, comes after months of focus by President Trump on jobs, manufacturing and the global economy. Cook did not appear to suggest that his company’s decision was influenced by Trump. But the president has showered praise on companies such as Carrier, SoftBank and Charter Communications for promising to hire more American workers — even if some of those pledges predated Trump’s tenure.

 

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Manufacturing, News