GE's Efforts to Modernize Its Factories Illustrate How Corporate America Could Stall Trump's Job Creation Plans
By 2020, spending on such systems is expected to exceed $500 billion a year.
General Electric (GE) - Get Report has quietly spent $4 billion on modernizing its factories with new digital products ranging from sensors in jet engines to augmented reality software.
Jim Cramer and the AAP team are discussing fallout from first-quarter earnings from Apple (AAPL) - Get Report and Facebook (FB) - Get Report and how to play the big tech names. Get his insights or analysis with a free trial subscription to Action Alerts Plus.
READ MORE:Trump Won't Like What General Electric Is Doing to Its Workers, but Investors Should Be Thrilled
This article was written by a staff member of TheStreet.
