Advertisement
HomeApple’s $500 Billion U.S. Investment Plan

Apple’s $500 Billion U.S. Investment Plan

New AI Server Factory in Texas:

Apple will open a 250,000-square-foot facility in Houston to manufacture servers for “Apple Intelligence,” its AI assistant for iPhone, iPad, and Mac.

Operations at the new factory are set to begin in 2026.

Employment Growth:

Apple plans to hire 20,000 new employees across the U.S., focusing on R&D, silicon engineering, software development, and AI/machine learning.

CEO Statement:

Tim Cook emphasized Apple’s commitment to American innovation, highlighting their long-standing investment in the U.S.

Political Context:

The announcement follows a meeting between Tim Cook and President Donald Trump.

Comes amid pressure from the Trump administration and increased tariffs on Chinese imports (10% on top of existing 25%).

Also read | Atlassian Hits Highest Close Since 2022 After Surpassing Earnings and Revenue Estimates

Additional Investments:

Doubling the U.S. Advanced Manufacturing Fund to $10 billion.

Launching a manufacturing academy in Michigan.

Expanding R&D investments in advanced fields like silicon engineering.

Increasing production for Apple TV+ content across 20 states.

Tax Contributions:

Apple claims to be one of the largest U.S. taxpayers, having paid $75 billion over the past five years, including $19 billion in 2024.

For more such latest updates, click here.

- Advertisement -spot_img
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here