Why did Apple create a fund to promote the development of manufacturing?

On May 4th, according to media reports, Tim Cook, CEO of Apple, recently revealed that Apple has established a high-end manufacturing fund of $654.38 billion to stimulate the further increase of employment rate in the United States. Cook's funds for this project also belong to Apple's investment in the United States. Last quarter, Apple invested $50 billion in American manufacturing.

Cook said: "We are very proud to do this. This will have a chain reaction, because as long as we can create more manufacturing jobs, there will be more other employment opportunities around these manufacturing jobs. "

Cook did not introduce detailed information related to the manufacturing fund. But he said that because Apple's cash is now overseas, Apple still needs to borrow money to maintain its operations in the United States.

In this interview, Cook said: "Our products and innovations have promoted the employment of nearly 2 million Americans, including our engineers, retailers, suppliers, manufacturers and application developers." Apple's 6.5438+0.9 million jobs can be divided into two parts: 500,000 jobs related to Apple and 6.5438+0.4 million jobs related to Apple App Store.