Apple says that it intends to bolster the U.S. manufacturing sector by creating a $1 billion “advanced manufacturing fund” — with some of that initial money going toward a company the tech giant is prepared to partner with, chief executive Tim Cook said.

The announcement, which Cook made Wednesday on CNBC, comes after months of focus by President Trump on jobs, manufacturing and the global economy. Cook did not appear to suggest that his company’s decision was influenced by Trump. But the president has showered praise on companies such as Carrier, SoftBank and Charter Communications for promising to hire more American workers — even if some of those pledges predated Trump’s tenure.

Unlike those firms, Apple’s announcement was not a hiring promise; the company simply said that it was hoping to promote U.S. manufacturing with its new fund.

“We’ve talked to a company we’re going to invest in already,” Cook said.

Apple intends to invest in programs that can train workers how to code, Cook added. But much of the money for this effort will be borrowed rather than drawn from its substantial cash reserves.

Cook has spoken previously about the shortage of U.S. workers who can perform advanced manufacturing. Advanced manufacturing differs from typical manufacturing in that it often requires specialized skills to produce highly engineered components that go into Apple’s products.

“The U.S., over time, began to stop having as many vocational kind of skills,” Cook told “60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.”

Apple has taken some steps to highlight a commitment to U.S. jobs. In 2013, the company announced that it would begin manufacturing its high-end Mac Pro computer in Texas.