Apple chief Tim Cook announced Apple is creating a billion fund in the US to do “advanced manufacturing.” (Source: Reuters) Apple chief Tim Cook announced Apple is creating a billion fund in the US to do “advanced manufacturing.” (Source: Reuters)Apple chief Tim Cook has announced Apple is creating a fund to get more people in the US to do “advanced manufacturing,” kicking it off with a billion dollars. “We are creating an advanced manufacturing fund,” Cook said in an interview broadcast on CNBC. Apple has about 80,000 employees in the US and plans to hire thousands more “in the future,” according to Cook. “Comprehensive tax reform is so important to this economy.”Read more: Apple Q2 results: Tim Cook on expectations in India and China, Apple Watch salesThe first investment of the new fund will be announced later this month, according to Apple. Apple this week reported a rise in quarterly profits, but logged weaker iPhone sales ahead of a 10-year-anniversary model on the horizon.

Source: Indian Express May 04, 2017 07:41 UTC