Apple’s Tim Cook boosts Corning deal, partners with chipmakers in $600 billion US expansion
The post Apple’s Tim Cook boosts Corning deal, partners with chipmakers in $600 billion US expansion appeared on BitcoinEthereumNews.com.
Apple’s chief executive Tim Cook confirmed on Friday that the company will spend $600 billion on manufacturing in the United States over the next four years. Speaking during an interview with CNBC’s Jim Cramer, Tim detailed Apple’s new factory investments, job growth strategy, chip supply deals, and exclusive support from the Trump administration. The announcement includes a $2.5 billion injection into Apple’s long-running deal with Corning, the Kentucky-based firm that makes the glass used in iPhones and Apple Watches. The facility, located in Harrodsburg, already manufactures high-tech glass for Apple devices, but the new capital aims to boost output to meet the company’s growing domestic demand. Apple expands U.S. chip production and supplier base Beyond glass, Apple is also working with multiple semiconductor firms to produce more chips inside the country. Tim named Taiwan Semiconductor, Texas Instruments, and Applied Materials as major partners in this expansion. These companies will help Apple build out local chip production facilities and reduce dependency on overseas fabs. “We already do business with 9,000 different partners across the U.S.,” Tim told Jim. “We’re in all 50 states with these suppliers.” He added that those business relationships have already led to 450,000 jobs, and Apple is now scaling that number further. “We’re very proud to be expanding that further this year to the $600 billion level.” Apple has also opened a new training program called the Manufacturing Academy, launched last month in Detroit. Tim said the academy is designed to train American workers and equip smaller companies with modern production tools. In a press statement, Apple said the program invites small and medium-sized manufacturers from across the country to attend workshops that focus on artificial intelligence and smart factory methods. Support from the federal government is also playing a big role in Apple’s U.S. investment plan.…
