Apple is Making America Great Again by spending $1 billion on a new fund that will promote advanced manufacturing positions in the US, something Apple CEO Tim Cook announced on Mad Money today.
Cook said: "By doing that, we can be the ripple in the pond. Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them".
Apple will start announcing the beneficiaries of its $1 billion fund later this month, with the company looking to train developers and help more people coding, with more details on this coming in the summer.
Cook continued: "We're really looking at this thing deeply. How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year".
Personally, I think this is great - Apple is pushing for a huge leap in manufacturing capabilities in the US, but we're not far away from total automation in factories. Apple's main manufacturing partner, Foxconn, has a huge robotic presence - and is spending more and more on robotics for manufacturing.
This is all without artificial intelligence stepping in, which will go hand-in-hand with robotics and manufacturing. Is Apple preparing for this future, by training new coders and engineers to build these systems and technologies, with the manufacturing being done in the US.
Imagine a future Apple product that says "Made in the USA" on the back... #MAGA
Last updated: Jun 16, 2020 at 04:29 pm CDT
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