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Apple Pledges $1 Billion Toward Creating Manufacturing Jobs In US

Apple announced today plans to create a $1 billion fund to promote creation of advanced manufacturing jobs in the U.S. Cook told CNBC in an interview that Apple will announce the first investment later in May. CNBC reports: “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,” the CEO said. Apple has already created two million jobs in the United States, and Cook showed no signs of shrinking the tech giant’s reach. “A lot of people ask me, ‘Do you think it’s a company’s job to create jobs?’ and my response is [that] a company should have values because a company is a collection of people. And people should have values, so by extension, a company should. And one of the things you do is give back,” Cook said. “So how do you give back? We give back through our work in the environment, in running the company on renewable energy. We give back in job creation.”

Read more of this story at Slashdot.

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