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    AAPL   US0378331005

APPLE INC.

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Apple : awards grants for computer chip courses to historically Black schools

06/17/2021 | 05:47pm EDT
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York

(Reuters) - Apple Inc said Thursday it will give $5 million to four historically Black universities to help expand their engineering programs for designing the chips that power electronic devices.

Apple said the $5 million will be spread across Alabama A&M University, Howard University, in Washington, D.C., Morgan State University, in Baltimore, and Prairie View A&M University, in Texas, over three years. The money comes from Apple's broader racial justice initiative, which it announced last year with $100 million in initial funding.

The grants will support each school's engineering departments and seek to focus expanding course work in fields like computing architecture and designing chips. The money will also support fellowships and internships in hardware technologies, Apple said.

Apple custom designs many of the chips in its flagship devices, including central processors in its Mac computers and iPhones and special chips in its AirPods headphones that help them work smoothly with other Apple devices.

"We know many jobs of the future will be in innovative areas like silicon engineering and we want to help ensure the leaders of tomorrow have access to transformational learning opportunities," Lisa Jackson, Apple's vice president of environment, policy and social initiatives, said in a statement.

(Reporting by Stephen Nellis in San Francisco; Editing by Dan Grebler)

By Stephen Nellis


ę Reuters 2021
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Financials (USD)
Sales 2021 356 B - -
Net income 2021 87 031 M - -
Net cash 2021 45 805 M - -
P/E ratio 2021 28,7x
Yield 2021 0,57%
Capitalization 2 486 B 2 486 B -
EV / Sales 2021 6,86x
EV / Sales 2022 6,55x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 148,99 $
Average target price 157,14 $
Spread / Average Target 5,47%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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