Apple spent $60 billion with 9,000 American manufacturers in 2018 alone
Apple is heralding its commitment to American companies, and has detailed its involvement with manufacturers, plus its role in expanding businesses that supply components for the iPhone and Mac.
Finisar's manufacturing plant in Texas
Apple noted on Monday that its $390 million investment from Apple's Advanced Manufacturing Fund allowed component manufacturer Finisar to turn an unoccupied building in Sherman, Texas into "a bustling operation full of people who will supply that future business." Finisar makes the vertical-cavity surface-emitting laser, or VCSEL, part of the TrueDepth camera system, crucial for Face ID in the iPhone X and later.
"VCSEL wafers are nearly as thin as a human hair and contain hundreds of layers measuring only a few atoms in thickness," said Apple. "They require a highly advanced and precise manufacturing operation, as well as skilled technicians with specialized training."
Since 2011, the total number of jobs created and supported by Apple in the United States has more than tripled -- from almost 600,000 to 2 million across all 50 states. Beyond Apple's noting the $60 billion spent in the year from the Advanced Manufacturing Fund, Apple's 2018 expansion supports more than 450,000 jobs on its own.
Apple notes that the touch sensitive glass for iPhone and iPad is made by Corning at a 65-year-old facility in Harrodsburg, Kentucky. Cincinnati Test Systems in Ohio designed a first-of-its-kind equipment to ensure iPhone is water resistant.
Other electronics manufacturers cited by Apple include Broadcom in Fort Collins, Colorado, Qorvo in Hillsboro, Oregon and Skyworks in Woburn, Massachusetts. All three make wireless networking and communications components for Apple.
The Advanced Manufacturing Fund is geared toward supporting U.S. manufacturing. Apple's first investment took place in May 2017, when it spent $200 million on Corning -- the company that makes the Gorilla Glass used in many Apple devices.
"We're really proud to do it," Apple CEO Tim Cook said when the fund was announced. "By doing that we can be the ripple in the pond, because if we can create many manufacturing jobs, those manufacturing jobs create more jobs around them."
The Advanced Manufacturing Fund goes beyond Apple's $1 billion investment in SoftBank's Vision Fund, a $100 billion resource created to accelerate the development of technology around the world. Some $50 billion of the Vision Fund will be directed toward U.S. endeavors.
Finisar's manufacturing plant in Texas
Apple noted on Monday that its $390 million investment from Apple's Advanced Manufacturing Fund allowed component manufacturer Finisar to turn an unoccupied building in Sherman, Texas into "a bustling operation full of people who will supply that future business." Finisar makes the vertical-cavity surface-emitting laser, or VCSEL, part of the TrueDepth camera system, crucial for Face ID in the iPhone X and later.
"VCSEL wafers are nearly as thin as a human hair and contain hundreds of layers measuring only a few atoms in thickness," said Apple. "They require a highly advanced and precise manufacturing operation, as well as skilled technicians with specialized training."
Since 2011, the total number of jobs created and supported by Apple in the United States has more than tripled -- from almost 600,000 to 2 million across all 50 states. Beyond Apple's noting the $60 billion spent in the year from the Advanced Manufacturing Fund, Apple's 2018 expansion supports more than 450,000 jobs on its own.
Apple notes that the touch sensitive glass for iPhone and iPad is made by Corning at a 65-year-old facility in Harrodsburg, Kentucky. Cincinnati Test Systems in Ohio designed a first-of-its-kind equipment to ensure iPhone is water resistant.
Other electronics manufacturers cited by Apple include Broadcom in Fort Collins, Colorado, Qorvo in Hillsboro, Oregon and Skyworks in Woburn, Massachusetts. All three make wireless networking and communications components for Apple.
The Advanced Manufacturing Fund is geared toward supporting U.S. manufacturing. Apple's first investment took place in May 2017, when it spent $200 million on Corning -- the company that makes the Gorilla Glass used in many Apple devices.
"We're really proud to do it," Apple CEO Tim Cook said when the fund was announced. "By doing that we can be the ripple in the pond, because if we can create many manufacturing jobs, those manufacturing jobs create more jobs around them."
The Advanced Manufacturing Fund goes beyond Apple's $1 billion investment in SoftBank's Vision Fund, a $100 billion resource created to accelerate the development of technology around the world. Some $50 billion of the Vision Fund will be directed toward U.S. endeavors.
Comments
Also, while I am not belittling the massive addition of jobs in the US, it is important to note that most of Apple's job creation here is in retail, which are low-skill, low-paying jobs.
I'd also note that, even with many of its 132,000 employees (as of the end of its FY2018) being retail employees, Apple's median employee total compensation was over $55,000 in FY2018. That's median, not mean, so the number isn't inflated by very-highly compensated employees at the top.
The $55K number is less impressive than it sounds. The median pay at Facebook is $240K; Google $197K; Netflix $183K. In fact, Apple's median pay is similar to that of GM's.
Secondly, the reason Americans don’t see this $60Billion dollars impact their economy in a positive manner is because even Apple’s suppliers and manufacturers don’t manufacture at home. They outsource to Asia and Mexico. Hence what Trump said was absolutely true “Apple benefits China more than it benefits US” regardless of how many numbers are being thrown around.
To the degree it might be impressive, it would be because Apple has so many retail employees.
When blame was assigned for the low sales volumes of the Mac, Jobs blamed the overpricing of what was supposed to be a $1000 machine for the mass market.
FF to 2018 with iPXs and XR, and the moneyspinner iP is suffering exactly the same. Only this time round, there is no sexy comeback.
Trump’s policy and my shared view is exactly the same. You sell locally at inflated prices and employ but empowered burger flippers. The cheaper manufacturing only expunge greater profits, not lower prices.
And on and on ....
I bought 15+ devices amongst my family in the last 3 years. I don”t own the stock. But Apple has run it’s course in my wallet, because my cc sings every few days with no value added subscriptions.
Android is on the next list, simp,y because Apple”s business practises has become too obvious.
At first I had no idea what his point was, but I think you hit on it. Some how he thinks only companies which are totally vertically integrated are successful like may TCL TV. If you never worked in high Tech, no US company is vertically integrated, the last big ones were Ford, GE and IBM, and the reason they are not, because you can not pivot and turn when technology changes if you have all technologies under one roof.
The other things most people fail to understand about Apple and many technologies companies, Just because Apple does not control the manufacturing of a technology does not mean they do not control the design and IP of the product. People think Apple calls up Samsung and said send over your next great display, when in reality Apple is providing design spec to companies like Samsung and tells them how to build the display they want. It like the VCSEL wafers made by Finisar, Apple and Finisar work on this together to develop the technology for Apple, this is why no one has knocked off the faceID at this point. Its in the tech that Apple controls.
Fwiw, I’d love to make 55k yr, & I’m a 2-college-degreed, skilled employee with a decade of experience. Would be well over 10K what I’m making now.