Apple has revealed some information on how much money it has spent with US companies in 2018. The company disclosed that it has spent more than $60 billion with US suppliers and companies. This significant investment underscores Apple’s commitment to bolstering the American economy and supporting domestic businesses.
Apple has also revealed that it now supports more than 450,000 jobs. The company shared additional information about how its Advanced Manufacturing Fund is helping companies across the United States. This fund is a testament to Apple’s dedication to fostering innovation and job creation within the country.
Investment in US Job Growth and Manufacturing
Finisar is just one example of Apple’s expanding investment in US job growth and manufacturing. In 2018 alone, Apple spent $60 billion with 9,000 American component suppliers and companies, an increase of more than 10 percent from the year before, supporting more than 450,000 jobs.
Apple’s investment in US companies is not just about financial expenditure; it is also about creating and sustaining jobs. The company’s spending has a ripple effect, benefiting a wide range of industries and communities. For instance, the touch-sensitive glass for iPhone and iPad is made by Corning at a 65-year-old facility in Harrodsburg, Kentucky. This partnership has not only preserved jobs but also brought new technological advancements to the region.
Examples of US-Based Suppliers
The touch-sensitive glass for iPhone and iPad is made by Corning at a 65-year-old facility in Harrodsburg, Kentucky. Cincinnati Test Systems in Ohio designed a first-of-its-kind equipment to ensure iPhone is water-resistant. And Broadcom in Fort Collins, Colorado, Qorvo in Hillsboro, Oregon, and Skyworks in Woburn, Massachusetts, are all making wireless communication hardware that enables global connectivity.
These examples highlight the diverse range of American companies that Apple collaborates with. Cincinnati Test Systems in Ohio, for example, designed unique equipment to ensure that iPhones are water-resistant, showcasing the innovative capabilities of American engineering. Similarly, companies like Broadcom, Qorvo, and Skyworks are crucial in making wireless communication hardware that enables global connectivity, demonstrating the critical role of US-based suppliers in Apple’s global supply chain.
Moreover, Apple’s Advanced Manufacturing Fund has been instrumental in supporting these companies. The fund aims to drive innovation and job creation by providing financial support to American manufacturers. This initiative has already seen significant success, with numerous companies benefiting from the fund’s resources.
Apple’s commitment to US manufacturing extends beyond just financial investments. The company is also focused on sustainability and environmental responsibility. Many of Apple’s US suppliers are involved in initiatives to reduce carbon emissions and promote renewable energy. This aligns with Apple’s broader environmental goals and demonstrates the company’s holistic approach to business.
In conclusion, Apple’s substantial investment in US companies and suppliers in 2018 highlights its dedication to supporting the American economy and fostering job growth. By partnering with a diverse range of US-based companies, Apple is not only driving innovation but also ensuring that its products are made with the highest quality components. The Advanced Manufacturing Fund further underscores Apple’s commitment to American manufacturing, providing crucial support to companies across the country.
You can find out more information about Apple’s Advanced Manufacturing Fund over at their website at the link below.
Source Apple
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