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

In an interview Friday with CNBC’s Jim Cramer, Apple CEO Tim Cook mentioned the Phone maker’s plans to comply with via with its huge investment in domestic manufacturing, emphasizing semiconductor manufacturing within 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 mentioned. “I can’t stress how important this is and how much that will add to what we’re doing.”

In whole, Apple has mentioned it will spend $600 billion on manufacturing within the U.S. over the subsequent 4 years, together with a $2.5 billion expansion of its partnership with Corning, which makes glass for iPhones and Apple Watches at its manufacturing unit in Kentucky. Apple additionally mentioned it could work with quite a lot of totally different corporations to develop domestic semiconductor production, together with Taiwan Semiconductor, Texas Instruments and Applied Materials.

According to Cook, Apple already does “business with 9,000 different partners across the U.S.” and “is in all 50 states with these suppliers,” including that this work has created 450,000 jobs. Cook mentioned the tech large is “very proud to be expanding that further this year to the $600 billion level.”

Apple is taking steps to prepare extra manufacturing employees, Cook mentioned, mentioning that the corporate opened its personal “Manufacturing Academy” in Detroit final month. According to a press launch concerning the new coaching program, Apple is inviting small and medium-sized companies from throughout the nation to take part in workshops “designed to help American companies transition to advanced manufacturing by implementing artificial intelligence and smart manufacturing techniques.”

Apple is receiving “significant support” from the Trump administration to increase domestic manufacturing, Cook mentioned. President Donald Trump introduced final month that he would impose a 100% tariff on imports of semiconductors and chips — aside from corporations like Apple which can be “building in the United States.”

“The president has said that he wants more in the United States,” Cook instructed Cramer. “And we want more in the United States.”

Sign up now for the CNBC Investing Club to comply with Jim Cramer’s each transfer available in the market.

Disclaimer The CNBC Investing Club Charitable Trust owns shares of Apple.