Apple is bringing 3 manufacturing plants to the U.S. (says Trump)


Apple is bringing 3 manufacturing plants to the U.S. (says Trump)

Apple declined to respond to the report.

The Wall Street Journal on Tuesday reported that US President Donald Trump said Apple has promised to expand manufacturing at home with three new US plants.

A few other company executives on corporate Twitter accounts also said they were against Mr Trump's ban or thanked transgender service members for their service.

While it's touching to think that Tim Cook would worry whether Trump considers his presidency an economic success, Apple, again, doesn't build manufacturing plants. Another Apple supplier, Foxconn, is looking at new USA plants for display panels, according to WSJ.

One of Apple's key assembly partners, Taiwanese company Foxconn, has revealed its plans to open a factory in Wisconsin, but the 10,000-worker facility is only a tenth the size of its China operations.

Cook said in May that Apple planned to create a $1 billion fund to invest in us companies that perform advanced manufacturing. Foxconn, a noteworthy Apple provider, is additionally said to be arranging its first United States industrial facility. If CEO Cook told Trump otherwise, this is the first we're hearing about it - and it's something we'd expect Apple to announce on its own. "How does it help us when they make it in China?" Arguments over unfair, low labor costs in China are great for an optimistic sound-bite, but in reality, companies typically prefer higher profits, choosing to switch production to other cheap countries rather than back to the U.S.

It's unclear where those manufacturing plants will be located, how many people they may employ and which products they might produce.

Second, Apple doesn't manufacture its own devices.

Apple already committed to invest $2 billion in ventures that will invest in US-based manufacturing, but we're far from seeing any results.

Foxconn is expected to make an announcement about building United States-based manufacturing in states including Wisconsin and MI as soon as Wednesday, the Milwaukee Business Journal reported on Tuesday.



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