Thndr Claps » U.S. Claps » Tech 📲 » Apple looking to spend big 📡
The ClapApple (NASDAQ: AAPL) is set to spend $450 million with several US companies to allow satellite texting.
The DeetsThe company is looking to spend the money on equipment, from satellites to antennas. The company will not acquire a minority stake in any companies it invests with.
The move comes following Apple’s introduction of the new Emergency SOS feature introduced.
So WhatThe investments show Apple’s increased spending on US suppliers, despite the bigger part of manufacturing being outside of the US.
Now WhatApple will finance the deals through the Advanced Manufacturing Fund, a fund dedicated to support US suppliers.
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