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WSJ: Trump says Apple plans to build three plants in U.S.

Published 07/25/2017, 05:01 PM
© Reuters.  WSJ: Trump says Apple plans to build three plants in U.S.
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  • President Trump says Apple (NASDAQ:AAPL) CEO Tim Cook divulged plans to build three manufacturing plants in the United States. Apple offered no comment.
  • Trump’s comment came during an interview with The Wall Street Journal. He did not provide details on the plant locations or build timing.
  • “I said you know, Tim, unless you start building your plants in this country, I won’t consider my administration an economic success. He called me, and he said they are going forward,” says Trump.
  • Earlier this year, Apple announced a $1B fund to invest in US manufacturing companies.
  • Most of Apple’s product assembly happens overseas through contract manufacturers with Foxconn the largest.
  • Foxconn does have plans to choose a location for a U.S. plant soon, but that plant would make large-panel displays for televisions.
  • Previously: Apple supplier Foxconn eyes $10B U.S. investment (June 22)


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