It may be time to boycott Apple.
Apple CEO Tim Cook vowed recently to invest around $508 million in China. The same Apple that is currently hoarding billions of dollars in overseas bank accounts.
Rather than invest the money here in the United States, Cook would rather create jobs in China.
In contrast, Apple’s biggest competitor, Samsung Austin Semiconductor LLC plans to invest more than $1 billion in the U.S.
“This means we’re going to be procuring a lot more equipment, installing tools into our ‘fab’ and amping up our wafer production,” Samsung spokesperson Catherine Morse said. “We have a great partnership with Austin Community College, and they’re doing a lot of training of folks who can then take these middle-skilled job.”
As for Cook, he doesn’t seem to care and believes China is the better choice.
“I think it’s important that China continues to open itself and widens the door if you will,” said Cook.
“The reality is countries that are closed, that isolate themselves, it’s not good for their people,” he added.
So much for putting America first.