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Apple just promised $1 billion boost to US manufacturing  Wednesday, 3 May 2017 | 6:57 PM ET | 01:07

Apple CEO Tim Cook said that his company will start a $1 billion fund to promote advanced manufacturing jobs in the United States.

Apple hasn’t released much in the way of details about its plans for the investment, saying only that the first beneficiary will be announced later this month. Advanced manufacturing is a large umbrella term that includes everything from 3-D printing aerospace components to installing robots on assembly lines.

The fund comes as President Donald Trump has made bringing back manufacturing jobs a big part of his agenda. As advanced manufacturing jobs are in high demand in the U.S., the sector was already high on Apple’s list of priorities, and Cook hopes the investment will spur even more job creation.

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