Apple plans to spend $1 billion to support advanced manufacturing jobs in the U.S.

By the Washington Post

May 05, 2017

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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.

Apple's announcement was not a hiring promise; the company simply said that it was hoping to promote U.S. manufacturing with its new fund.

“We've talked to a company we're going to invest in already,” Cook said.

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