Author: Daniel snow

Tim Cook explains why Apple is investing heavily in Corning’s glass factory

By

Apple CEO Tim Cook told CNBC’s Jim Cramer why his company is investing $2.5 billion to manufacture glass in Corning’s Kentucky factory, praising the company’s technology.”This is the place to put it,” Cook said of his investment in Corning. “I feel very confident in that, because when you look at innovation, when you look at the cost, when you look at the quality, these are all things that are factor into our decisions — this is a great place.”Apple announced the lofty investment last month and said all glass for iPhones and Apple Watches would be manufactured in Corning’s facility.…

Read More

Tim Cook details how Apple will put its $600 billion domestic manufacturing investment to work

By

In an interview Friday with CNBC’s Jim Cramer, Apple CEO 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…

Read More