Apple Inc (AAPL.O) plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating U.S. jobs.
The Cupertino, California company will announce the fund's first investment later in May, Cook said during an interview on CNBC.
Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details about the effort this summer.
The announcements were the latest in a series of disclosures to highlight how Apple, the world's largest company by market valuation, contributes to job creation in the United States. Apple came under fire from President Do
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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