Tim Cook, Apple CEO has agreed to build three manufacturing plants in America says Donald Trump. He revealed this in an interview with the Wall Street Journal and also stated that the plants will be “big, big, big”. As of now, there is no confirmation on when or where these plants would be built. The only news is that Apple is willing to invest in further expansion within USA.
In May, Tim Cook confirmed that Apple plans to create a fund close to a billion dollars. This fund was to be invested in American companies performing advanced manufacturing. He also mentioned that the company would fund programs for teaching people to code and create apps. Apple received major flak during Donald Trump’s presidential campaign due to the fact that most Apple products are made in China. Ever since then, Apple has been actively showing how it contributes to job creation in America. This move is a bigger attempt and should quell things for a while.
Apple is the largest company in the world by means of its market valuation. It has claimed to have created close to 2 million jobs, out of which 80,000 are in the US while the rest of those figures are contributed by its developers and suppliers. Donald Trump has also assured that a major Apple supplier, Foxconn, plans to construct a large plant and this might be in Wisconsin. Even though Apple has not made any comments immediately following this news article, this development certainly is “big, big, big”.