Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
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Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#2There is also geopolitical reasons for this. There is a high chance that east asia will be embroiled with some war coming soon, which will disrupt both manufacturing (either in china or Taiwan), or transports of goods.
Even if the North Korea problem gets solved, the China problem is still there and it wont be solved anytime soon.
If you have some streamlined manufacturing here, it is easier to fork it in case the main area of supplies goes offline due to regional wars/embargoes/troubles.
Right now relying only on east asian manufacturing is a single point of failure for apple.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#3So.. 0.3% of their cash pile?
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#4I guess it's part of a plan to pay lower taxes on their oversea cash when they will bring it into the US. Create jobs, get tax breaks. Apple has stashed about $250 billion overseas and paying a billion to reduce the tax burden is most likely the cheaper option.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#5There is also geopolitical reasons for this. There is a high chance that east asia will be embroiled with some war coming soon, which will disrupt both manufacturing (either in china or Taiwan), or transports of goods. Even if the North Korea problem gets solved, the China problem is still there and it wont be solved anytime soon. If you have some streamlined manufacturing here, it is easier to fork it in case the ma…
Sorry, I guess I haven't been following the news that closely.
Apart from NK, what's the China problem?
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#6So.. 0.3% of their cash pile?
I had the same thought. It's outlandish that a $1B investment in anything could be viewed as insignificant.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#7Trump spoke to Tim Cook last night
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#8There is also geopolitical reasons for this. There is a high chance that east asia will be embroiled with some war coming soon, which will disrupt both manufacturing (either in china or Taiwan), or transports of goods. Even if the North Korea problem gets solved, the China problem is still there and it wont be solved anytime soon. If you have some streamlined manufacturing here, it is easier to fork it in case the ma…
Sorry, I guess I haven't been following the news that closely. Apart from NK, what's the China problem?
South China Sea.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#9> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.”
In that interview he also said that the jobs weren't coming back.
This is one of the most powerful statements uttered on American labor and employment trends in recent memory.
I have shared this quote with every middle/lower-middle class person I know who voted for Trump and their responses have all been the same, horror.
Financial interests convinced liberals and conservatives alike that globalism was a good thing (for altruistic or selfish reasons respectively). Instead it just gave Capital access to cheap labor and totally fucked the American worker.
Re: Apple plans to spend $1B to support advanced manufacturing jobs in the U.S
#10Trump spoke to Tim Cook last night
While I don't doubt Trump will rush to claim credit, Apple has been looking at ways it can hedge against China and get "Made in America" gravitas for a long time, and steadily experimenting on that front with things like the Mac Pro.