Is Apple Creating New U.S. Jobs?
Overseas manufacturing has become the norm for most U.S. electronics companies these days, but Apple (NASDAQ:AAPL) chief executive Tim Cook says changing that scenario could possibly be a long-term goal of the company. Asked if Apple would ever carry out final assembly of its hot-selling products like the iPhone and the iPad within the country, Cook said he’d definitely want it to be a possibility.
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However, Cook said that China and other Asian countries have become the default go-to place for assembling products because the number of American tool-and-die makers has fallen way short. Cook said such skilled workers in America would hardly fill up the auditorium in Rancho Palos Verdes, California, where the interview was being held. In China, such skilled workers would fill several cities, he added.
So, with worker skills in the U.S. disappearing, bringing about a change in the current situation will require new education initiatives that will take time to implement and bear results. In the meantime, component makers that employ Americans are having an impact.
Cook said the microprocessor chips inside the latest Apple mobile devices are made for the company by Samsung in Austin, Texas, and that the Mac’s chips made by Intel (NASDAQ:INTC) are manufactured in several U.S. factories. “The semiconductor industry is fantastic in the United States,” Cook said. Also, the display glass for Apple mobile devices is made by Corning (NYSE:GLW) in Kentucky.
“We will do as many of these as we can do,” Cook said.