Apple spent $60 billion with American suppliers in 2018 – TechCrunch

Gadgets


Apple has released an update on its spendings in the U.S. According to the company, Apple is now working with 9,000 different companies in the U.S. Those companies mostly work on hardware components and chipsets for Apple’s devices.

You may remember that Apple announced last year it would spend $390 million to expand Finisar’s production in the U.S. Finisar has been working on a key component for the iPhone and iPad Pro — the TrueDepth camera system.

That investment was part of a commitment to spend $1 billion in U.S.-based companies with its Advanced Manufacturing Fund in order to build new facilities and help manufacturers.

But Apple is already spending much more money with American companies. In 2018 alone, Apple spent $60 billion, which represents a 10 percent increase compared to 2017. The company estimates that it represents around 450,000 jobs.

In addition to Finisar, Apple names a few partners in its announcement — Corning, Cincinnati Test Systems and Broadcom.

Finally, if you take into account everybody working for Apple in one way or another, there are now 2 million people in the U.S. helping Apple as an employee, a contractor, a store manager, a supplier, etc. This number is up from 600,000 in 2011.



Source link

Products You May Like

Articles You May Like

The UK now has a law against upskirting – TechCrunch
Grover launches e-scooter subscription service – TechCrunch
Indonesia-focused Intudo Ventures raises new $50M fund – TechCrunch
The 3:59, Ep. 522
Fiverr acquires ClearVoice to double down on content marketing – TechCrunch

Leave a Reply

Your email address will not be published. Required fields are marked *