Apple CEO Tim Cook announced today that the iPhone maker will be putting $1 billion of its roughly $256 billion cash hoard into a US advanced manufacturing fund.
The news, which Cook disclosed in an interview with CNBC’s Jim Cramer, indicates that Apple’s executive leadership is intent on heading off any potential conflicts between the company and President Trump, who has promised to bring jobs back and pressure corporations to invest more domestically.
Well, a billion is a start, but good news no matter. Next, let's see if we can draw some of that manufacturing back from overseas.
I'm with you. They need to manufacture here, not offer 1/256th as a sop.
ReplyDeleteIt's about the trades educational process. As I was graduating high school, many of my friends were going to attend local trade schools. It seems "college" is the route pushed on the youth today, and produces multitudes of graduates with useless (in the real world) degrees. I watched a 60 Minutes program about a year ago where they were allowed inside the design studios at Apple. Tim Cook stated that the number of tool & die professionals in the US could probably be placed in a large room. China's educational system has been pumping these out over several decades, and Cook stated they would fill several football fields.
ReplyDeleteWe may have passed the point of no return.