Photo: Robert Galbraith/ReutersSan Francisco: Apple Inc plans to create a $1 billion fund to invest in US companies that perform advanced manufacturing, chief executive officer Tim Cook said on Wednesday, the iPhone maker’s latest effort to show how it is creating US jobs. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer. Ninety-three percent of Apple’s $256.8 billion cash is held overseas. Cook stopped short of saying Apple would bring some of its cash back into the United States if Trump’s tax proposal was enacted. “To invest in the United States, we have to borrow.

Source: Mint May 04, 2017 00:11 UTC