In an interview Friday with CNBC’s Jim Cramer, AppleCEO Tim Cook discussed the Phone maker’s plans to follow through with its enormous investment in domestic manufacturing, emphasizing semiconductor production in the U.S.
“You can add a lot by making it global and then stitching together the end-to-end supply chain in semiconductors,” Cook said. “I can’t stress how important this is and how much that will add to what we’re doing.”
In total, Apple has said it will spend $600 billion on manufacturing in the U.S. over the next four years, including a $2.5 billion expansion of its partnership with Corning, which makes glass for iPhones and Apple Watches at its factory in Kentucky. Apple also said it would work with a number of different companies to grow domestic semiconductor production, including Taiwan Semiconductor, Texas Instruments and Applied Materials.
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