Ina Fried May 3, 2017
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Apple launches $1B fund for U.S. advanced manufacturing


Apple CEO Tim Cook announced Wednesday that the company plans to invest $1 billon to help develop advanced manufacturing capabilities in the U.S.

"We asked ourselves, 'How can we get more people to do advanced manufacturing in the United States?," Cook said in an appearance on CNBC's Mad Money show. "And I'm proud to tell you that we're creating an advanced manufacturing fund. We're initially putting $1 billion in the fund."