Apple to create $1 billion U.S. advanced manufacturing fund

Apple to create $1 billion U.S. advanced manufacturing fund

May 4, 2017

By Stephen Nellis, Reuters 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 Donald Trump during his campaign because it makes most of its products in China. In February during the company’s annual shareholder meeting, Cook said Apple spent $50 billion in 2016 with its U.S. suppliers, which include firms like 3M Co (MMM.N) and Corning Inc (GLW.N), the first time Apple has disclosed the metric. Cook reiterated that point during the CNBC interview, along with Apple’s claim that it has created 2 million jobs in the United States, 80,000 of which are directly at Apple and the rest coming from suppliers and software developers for the company’s app ecosystem. Apple is highlighting its U.S. presence at the same time lawmakers consider a major tax proposal by Trump that would let Apple, along with other large companies, bring back accumulated profits from overseas at potentially lower tax rates. Ninety-three percent of Apple’s $256.8 billion cash is held overseas. Cook, who met with lawmakers in Washington earlier this year to discuss tax policy and technology issues, said that Apple would have to borrow the cash for its U.S. manufacturing investment fund and said he was hopeful Trump administration would address the repatriation issue. Cook stopped short of saying Apple would bring some of its cash back into the United States if Trump’s tax proposal was enacted. “To invest in the United States, we have to borrow. This doesn’t make sense on a broad basis. So I think the...

Apple and the Battle for American Manufacturing

Apple and the Battle for American Manufacturing

Jan 31, 2017

By Steve Minter, IndustryWeek After decades of offshoring, President Trump is making a concerted effort to return manufacturing to the U.S. Could the world’s most valuable company become the poster child for that reshoring tide? “I’m going to get Apple to start making their computers and their iPhones on our land, not in China. How does it help us when they make it in China?” After his victory last March in the Super Tuesday primaries, that was the message from candidate Donald J. Trump, who also had criticized dozens of other companies for moving, or planning to move, production offshore from the United States. While Trump criticized Apple a number of times during the campaign, he took a very different tone at a December 14 meeting with a bevy of Silicon Valley giants, including Apple CEO Tim Cook, Amazon CEO Jeff Bezos and Alphabet’s Larry Page. “I’m here to help you folks do well,” Trump said at the start of the meeting, according to a Bloomberg report. Like it or not, Apple may find itself at the center of a debate concerning the future of American manufacturing. Over the past few decades, many manufacturers have moved jobs from the United States to low-cost countries. In business circles, it has been accepted that this was an inevitable evolution and that the future of the United States lay mainly in the service sector, a transition from low-paying brawn jobs to high-paying brain jobs. While it originally manufactured its computers in the U.S., Apple long ago moved to a system where it designed its products in the United States but used a network of largely Asian manufacturers, in particular Taiwan-based Foxconn, to produce components and assemble its products ranging from the MacBook and the iPad to the ubiquitous iPhone. Both the products and the process have been roaring successes, making Apple the most valuable company in the world. For the past two fiscal years, the Cupertino, Calif., firm has had sales exceeding $200 billion annually and net income of $45 to $53 billion. Moreover, the company is sitting on a cash reserve of more than $237 billion. With a market cap of approximately $640 billion, Apple is much too...

Apple, Inc. Is About to Expand U.S. Manufacturing, but It’s…

Apple, Inc. Is About to Expand U.S. Manufacturing, but It’s…

Jan 13, 2017

“Apple, Inc. Is About to Expand U.S. Manufacturing, but It’s Not What You Think” By Evan Niu, Fox Business Too bad we’re not talking about iPhone manufacturing. Expanding domestic manufacturing is the popular thing to do right about now, as President-elect Donald Trump prepares to take office in just 10 days. We’ve already seen a handful of domestic companies cave to the political pressure, altering investment plans to focus on U.S. facilities in some cases. Apple (NASDAQ: AAPL) has also been dragged into the debateOpens a New Window., for better or for worse. Well, the Mac maker is now reportedly looking to expand its operations in Mesa, Arizona, and begin “high-tech manufacturing,” according to government documentsOpens a New Window. first noticed by Business InsiderOpens a New Window. yesterday. Apple is looking to assemble data center cabinets at the facility, and they would be destined for use in Apple’s other data center facilities around the world. The company currently assembles data center gear at each respective site, but this move would consolidate the assembling in Mesa. Finished equipment will be shipped to other Apple data centers within the U.S., according to the...

Apple is reportedly trying to move iPhone manufacturing to…

Apple is reportedly trying to move iPhone manufacturing to…

Nov 21, 2016

“Apple is reportedly trying to move iPhone manufacturing to the US”  By James Bareham, The Verge Apple is reportedly asking its manufacturing partners to investigate moving iPhone production to the United States, according to the Japanese newspaper Nikkei. According to the report, sources claim that Apple has approached Foxconn and Pegatron, the two manufacturing companies that are largely responsible for assembling iPhones. Foxconn is apparently exploring the possibility, while Pegatron has elected to decline due to cost concerns. According to the Nikkei, Apple made the request to explore moving manufacturing to its partners in June, prior to President-elect Donald Trump’s victory in the recent election. But despite that, this report has to be considered in light of Trump’s comments regarding Apple earlier this year. Trump has repeatedly suggested that Apple move its manufacturing back to the US. His most recent comments were made in January at a talk at Liberty University where Trump said, “We’re gonna get Apple to start building their damn computers and things in this country, instead of in other countries.” Moving iPhone production overseas would likely be a pricey endeavor, with Nikkei sources claiming that it would increase production costs by nearly 50 percent, which makes sense given that the vast majority of Apple’s part suppliers are already located in Asia. Motorola also tried to move smartphone manufacturing to America, but the experiment ended in 2014 when Motorola closed the factory due to costs. Apple has made some efforts in bringing hardware production back to America in the past — most notably, the Mac Pro in 2013, when the company invested over $100 million dollars to jumpstart production — but relocating iPhone manufacturing to the United States would be a move of a vastly different...

New App Turns Apple iOS Devices into Professional Vibration…

New App Turns Apple iOS Devices into Professional Vibration…

Nov 11, 2016

“New App Turns Apple iOS Devices into Professional Vibration Measurement Tools” Featured in Design-2-Part Magazine FARMINGTON HILLS, Mich.—ACE Controls, a specialist in industrial damping technology, has introduced a new app that is said to turn iPhones and iPads into professional vibration and impact measuring devices, providing users with a high-performance, lightweight alternative to more costly systems. ACE’s VibroChecker PRO native iOS app is an upgraded version of its original VibroChecker app, which uses the acceleration sensors, gyroscopes, and microphones integrated in the iPhone and iPad to measure vibrations on machines and components within a frequency range of up to 50 Hz. Upgrading to the new ‘PRO’ version of the app increases the range up to 8,000Hz. The user simply has to connect an external USB sensor (available from a third party) to the iOS device via the lightning port and an adaptor. Measurement results can be saved or emailed directly to Ace Controls. The app is available for download here: https://itunes.apple.com/us/app/vibrochecker-pro/id1076108553?mt=8&ign-...