Investing in America is becoming fashionable again.
Apple (AAPL) revealed to TheStreet's Jim Cramer on Wednesday that the tech giant is planning to spend big to boost manufacturing in the U.S., following the lead of some other major corporations such as Toyota (TM) . Cook announced the company's launch of a $1 billion fund to boost U.S. manufacturing jobs.
"You're the first person I'm telling," Cook said on Cramer's show Mad Money.
Cook told Cramer that Apple already told the unidentified firm that it is investing in to further the project.
The move comes as Apple prepares for the roll-out of its next-generation iPhone later this year. It also comes amid President Donald Trump's push for companies to bring manufacturing jobs back to the U.S. rather than ship them abroad.
Apple's push to create more manufacturing jobs aligns with its plans to hire across the board, including outside its own walls for positions in app development, among others.
Here are some of the other companies investing big in U.S. manufacturing.
In July, Under Armour (UA) opened a 35,000-square-foot product-innovation center, called "UA Lighthouse," in its hometown of Baltimore, Md. The facility features 3D printers aimed at creating a more efficient way to manufacture clothes and shoes.
As Adidas (ADDYY) works with U.S. based 3D printing startup Carbon to help manufacture custom-made shoes, it also announced in March it will open a second "Speedfactory" in Atlanta. Its first, located in Ansbach, Germany, is set to start mass production this year. Adidas said these factories bring production closer to the consumer, slashing transportation costs.
In February, Tesla (TSLA) revealed in its 2016 earnings report its plans to possibly open three more of its massive Gigafactory plants. The electric automaker broke ground on its giant, renewable energy-powered Gigafactory located in Nevada in 2014. Battery cell production hasn't even begun at the site yet, but Tesla said it is set to commence at the end of this year.
Amazon (AMZN) has been working to open new fulfillment centers across the U.S. to service its growing customer base. The e-commerce giant said it plans to create 30,000 part-time positions and 100,000 full-time jobs this year while it rapidly grows its warehouse base. On a recent earnings call, Amazon Chief Financial Officer Brian Olsavsky said the company opened 26 fulfillment centers in the U.S. last year. Recently, centers have opened in New Jersey and California.