Tech giant investing $1 Billion towards U.S. manufacturing jobs

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Apple CEO Tim Cook announced on Wednesday that his company will begin a campaign to promote advanced manufacturing jobs in the United States with a $1 billion fund.

Hoping the investment will help to create more jobs, Cook told CNBC “Mad Money” host Jim Cramer on Wednesday that Apple plans to announce the first investment later this month. Already, the tech giant has created two million jobs in the United States.

“We can be the ripple in the pond,” said Cook. “Because, if we can create many manufacturing jobs around … those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.”

Cook explained that his company’s values dictate a certain amount of “giving back” to its “community… and country.”

He said, “So, how do you give back? We give back through our work in the environment, in running the company on renewable energy. We give back in job creation.”

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