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https://www.theverge.com/2017/5/3/15537742/apple-ceo-tim-cook-1-billion-us-manufacturing-investment

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.

“But yeah, we're really proud to do it. And 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.”

Cook says Apple will be announcing the first investment from the fund later this month. “And so you can see, we're really looking at this thing deeply. How do we grow our employee base?” Cook said. “How do we grow the developer base? How do we grow manufacturing?”

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