Apple to pledge new $100B for US manufacturing | Hacker News Reader

Apple to pledge new $100B for US manufacturing

reuters.com

15 pointsmgh212 comments

So, at how many trillions $ are we already ?

It's really surreal to watch the US right now - people in power are just making up things to please the dear leader, who himself is making up stuff all the time. This does not end well guys, not at all.

That is what happens when you are part of a cult and sycophants with PhDs in Economics, go unchallenged on CNBC, willing to lose their reputation of years just to indulge a convicted criminal.

Tim Cook already explained multiple times why Apple manufactures in China, it's not about low labor costs anymore (China stopped being the low-cost country years ago). It's about the sophisticated supply chain ecosystem and manufacturing expertise they've built up: https://youtu.be/_ng8xQ-SNGc?t=576

".. China stopped being the low labor cost country many years ago and that low labor costs are NOT why Apple manufactures there..."

Well if Tim Cook says so then it has absolutely nothing to do with low (labor) costs. It must be true that it has nothing to do with cost and he is a totally unbiased and 100% credible source for making such assessments. To his argument's credit, I don't think China has been doing a poor job of manufacturing iStuff.

To your point - this is all theater. It's stalling for time until this administration is out of office. Site selection alone could take years, but hey, we pledged! It's business-as-usual in Banana Republics and the multinationals have experience working in those environments.

They could buy Intel, inject the $ to build its new fabs (currently on hold), get its foundries up to TSMC level, and start manufacturing at least some of its M chips in the US.

Probably won't happen (and some people will say we should just let Intel fall), but wouldn't be the worst way to invest in the US. And would reduce dependency on Taiwan. And it fits with their vertical integration strategy.

Exactly this. If Apple and Nvidia each kicked in $50B to bring Intel up to TSMC level they'd have a secure domestic supplier thus minimizing their substantial geopolitical risk.

https://archive.is/vNkb4

Tim Cook currently speaking live with Trump at the Whitehouse

You just have to tell the dear leader what he wants to hear so he exempts your products from tariffs. Doesn't mean you're really going to do it.

So Tim Cook is simply lying about promising to bring back some tech manufacturing back to America? And, this is a good thing?

Not necessarily lying, could have some intentions, but those intentions could (probably will) change in a couple of years.

Tim brought a gift for Trump.

https://www.msn.com/en-in/news/other/tim-cook-trump-meeting-...

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