Apple CEO Tim Cook has announced that company is undertaking a $1 billion fund to promote
advanced manufacturing jobs in the United States.

In an Interview with CNBC’s Mad Money, Tim Cook said “We’re
announcing it today. So you’re the first person I’m telling,” Apple CEO
Tim Cook told “Mad Money” host Jim Cramer on Wednesday. “Well,
not the first person because we’ve talked to a company that we’re going to
invest in already.”

 
Apple CEO Tim Cook has announced that company is undertaking a $1 billion fund to promote advanced manufacturing jobs in the United States.

The fund comes
because of President Donald Trump as he pushes US job creation during his
campaign. President Trump literally told Apple to continue start manufacturing
its products in the US instead of China.

By doing that, we can be the ripple in the pond. Because if we can create
many manufacturing jobs around, those manufacturing jobs create more jobs
around them because you have a service industry that builds up around
them.

“A lot of people ask me, ‘Do you think it’s a company’s job to create
jobs?’ and my response is [that] a company should have values because a company
is a collection of people. And people should have values, so by extension, a
company should. And one of the things you do is give back,” Cook said.
“So how do you give back? We give back through our work in the
environment, in running the company on renewable energy. We give back in job
creation.”

Apple will
announce the first and large investment later in May 2017.