Tim Cook says Apple’s $600 billion factory build out will create a 'domino effect.' But the tech gia

The U.S. has shed 33,000 manufacturing jobs this year—but Tim Cook believes he has a solution.

The Apple CEO said his company’s recent $600 billion investment to build factories across the U.S. will create a “domino effect,” boosting manufacturing in the country.

“We can’t be everywhere. I wish we could, but we are putting $600 billion to work in the next four years,” Cook told CNBC ’s Jim Cramer during a TV interview on Monday. “And so it is an extraordinary commitment.”

Cook suggested Apple’s “extraordinary commitment” over the next four years to build 79 factories in the states could bring more businesses to the communities they are built in.

“That’s the ripple effect,” Cook said. “There will be more companies coming. It’s a domino effect kind of thing.”

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