Apple Commits More Than $500 Billion Investment in US

Contact Your Elected Officials
The Epoch Times Header

Appleโ€™s new investment was made under the backdrop of an impending U.S. tariff agenda that is set to affect the companyโ€™s imports.

Apple announced its โ€œlargest-everโ€ spending commitment that involves investing hundreds of billions of dollars in the United States to boost manufacturing activities and support a wide range of initiatives, including artificial intelligence (AI) and silicon engineering.

The company said it โ€œplans to spend and invest more than $500 billion in the U.S. over the next four years.โ€

โ€œThe $500 billion commitment includes Appleโ€™s work with thousands of suppliers across all 50 states, direct employment, Apple Intelligence infrastructure and data centers, corporate facilities, and Apple TV+ productions in 20 states,โ€ Apple said in a Feb. 24 statement.

โ€œIn the next four years, Apple plans to hire around 20,000 people, of which the vast majority will be focused on R&D, silicon engineering, software development, and AI and machine learning.โ€

As part of these investments, Apple intends to open a new manufacturing facility in Houston. Slated to open next year, the 250,000-square-foot facility is set to build servers, supporting thousands of jobs.

The servers were โ€œpreviously manufactured outside the U.S.โ€ and will act as the foundation for Private Cloud Compute, a cloud-based AI processing system. It is expected to play a key role in powering Apple Intelligence, the companyโ€™s AI offering.

In addition, the tech giant said it plans to continue expanding data-center capacity in Arizona, Iowa, Nevada, North Carolina, and Oregon.

Apple aims to double its U.S. Advanced Manufacturing Fund, boosting it from $5 billion to $10 billion. Created in 2017, the fund aims to promote โ€œworld-class innovation and high-skilled manufacturing jobs across America.โ€

โ€œTo date, Appleโ€™s U.S. Advanced Manufacturing Fund has supported projects in 13 states, including Kentucky, Pennsylvania, Texas, and Indiana,โ€ Apple stated.

Furthermore, Apple plans to open the Apple Manufacturing Academy in Detroit, where the companyโ€™s engineers, together with experts from top universities, will consult with small and mid-size businesses on implementing artificial intelligence and smart manufacturing techniques.

โ€œWe are bullish on the future of American innovation, and weโ€™re proud to build on our long-standing U.S. investments with this $500 billion commitment to our countryโ€™s future,โ€ Apple CEO Tim Cook said.

President Donald Trump welcomed Appleโ€™s investment announcement in a Feb. 25 post on social media platform Truth Social, attributing it to the companyโ€™s โ€œfaith in what [the administration is] doing, without which, they wouldnโ€™t be investing ten cents.โ€

Byย Naveen Athrappully

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Preying on Prayer

Progressive Leftists have long mocked prayer, and after the Minneapolis school shooting, they again dismissed it as useless and for the weak-minded.

Epsteinโ€™s Democratโ€™s Protection

Does Trump know what's in the Epstein files? Has he seen videos? Is he protecting the Office of the President because of former President Clinton?

Florida Surgeon General Nukes ALL School Vaxx Mandates, Likens Them to Slavery

Florida will no longer be permitted to force-feed pharmaceutical products to children, against the objections of parents, as a prerequisite for attending publicly-run educational institutions.

Understanding the freedom of speech difficulty UK ?

Freedom of speech in the UK, shaped by evolving laws, faces legal conflictsโ€”highlighted by Nigel Farageโ€™s recent U.S. Congress testimony.

US Supreme Court Asked to Rule on Whether Private Citizens Can Enforce Voting Rights Act

A lower court ruled earlier this year that only...

Nasal Spray May Reduce Risk of COVID-19 Infection: Study

People who received the azelastine nasal spray in a randomized, placebo-controlled trial in Germany were less likely to test positive for COVID-19.

22 Chinese Nationals, 3 Americans, Accused of Trafficking Fentanyl Cutting Agents

Three Americans, 22 Chinese nationals, and 4 Chinese firms were indicted for trafficking cutting agents from China used to mix with fentanyl.

United Airlines Adding 15 Winter Routes in Case โ€˜Spirit Suddenly Goes Out of Businessโ€™

In response to Spirit Airlinesโ€™ announcement on its second Chapter 11, United Airlines is expanding its winter flights to 15 sunny destinations.

France Fines Google Nearly $380 Million for Inserting Cookies and Ads Between Emails

France imposed a significant fine against American tech giant Google for displaying ads between Gmail usersโ€™ emails without their consent.

Trump Sends Warning to Venezuela After US Military Strikes Boat Allegedly Carrying Drugs

President Trump sent a warning to Venezuela after the U.S. military struck what the administration says was a boat carrying drugs in the Caribbean.

Vance Says โ€˜No Immediate Plansโ€™ to Deploy National Guard to Chicago

VP Vance said admin has โ€œno immediate plansโ€ to deploy National Guard to Chicago, after President Trump remarks indicated such deployment could happen.

Trump to Host Polandโ€™s New President Nawrocki at the White House

President Donald Trump will host Polandโ€™s newly elected president, Karol Nawrocki, at the White House on Sept. 3.

Trump Announces Space Command Moving to Alabama

โ€œI am thrilled to report that the U.S. Space Command headquarters will move to beautiful Huntsville, Alabama,โ€ President Trump said.
spot_img

Related Articles