Obama Applauds Apple, Intel For U.S. Manufacturing Jobs
President stresses importance of creating jobs within America.
United States President Barack Obama has commended both Apple and Intel for creating jobs within the country.
One of Obama's policy points during his State of the Union speech stressed that U.S. companies need to create jobs in America. "Our first priority is making America a magnet for new jobs and manufacturing. After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three," Obama said.
"Caterpillar is bringing jobs back from Japan. Ford is bringing jobs back from Mexico. After locating plants in other countries like China, Intel is opening its most advanced plant right here at home. And this year, Apple will start making Macs in America again."
Sitting in the audience next to with Michelle Obama was Apple CEO Tim Cook. He had confirmed in December 2012 that Apple will move some Mac production to the U.S, with the firm subsequently spending $100 million to do so. Apple is reportedly creating a refreshed lineup of its Mac Pro this year. It'll stop selling its Mac Pros in Europe as of March 1, as the old model doesn't meet new regulatory standards in that region.
Chip manufacturer Intel has also increased its efforts pertaining to U.S. production over the past year through building a manufacturing plant in Arizona. The building is expected to produce the firm's next generation of processors built on its 14-nanometer technology, with Intel stating that over $5 billion will be invested into the facility itself. Obama had visited the plant during January 2013.
"It's not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth," Obama added during his State of the Union speech.