The advanced manufacturing fund follows on from Apple's $1bn commitment to the $100bn Softbank Vision fund.
US-based hardware producer Apple has announced the establishment of a $1bn investment fund that will focus on the advanced manufacturing space.
The company has yet to disclose any details about structure, strategy or staffing of the fund or even if it would target venture investments. The initiative follows on from the corporate’s $1bn commitment to the $100bn Vision fund being raised by telecoms firm Softbank.
