Apple Commits More Than $500 Billion Investment in US

Contact Your Elected Officials
The Epoch Times Header

Apple’s new investment was made under the backdrop of an impending U.S. tariff agenda that is set to affect the company’s imports.

Apple announced its “largest-ever” 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 “plans to spend and invest more than $500 billion in the U.S. over the next four years.”

“The $500 billion commitment includes Apple’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,” Apple said in a Feb. 24 statement.

“In 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.”

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 “previously manufactured outside the U.S.” 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 company’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 “world-class innovation and high-skilled manufacturing jobs across America.”

“To date, Apple’s U.S. Advanced Manufacturing Fund has supported projects in 13 states, including Kentucky, Pennsylvania, Texas, and Indiana,” Apple stated.

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

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Apple CEO Tim Cook said.

President Donald Trump welcomed Apple’s investment announcement in a Feb. 25 post on social media platform Truth Social, attributing it to the company’s “faith in what [the administration is] doing, without which, they wouldn’t be investing ten cents.”

By 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.

Democrats are Losing by Pushing Their Dirty CR Bill

Talk is going around about the “Democrats Dirty CR” and the “Republicans Clean CR”.

NCAA streamlines transfer portal

The NCAA lords of the Division I Administrative Committee have unveiled a fresh batch of transfer portal reforms.

Section 230 Immunity, Defective Design and Trial Lawyers (Part 2)

Congress granted social media platforms Section 230 immunity even when children are harmed, trial lawyers found a way to bypass protection.

A Tale Of Two Political Parties

While the GOP, led by Trump, has produced results, Democrats offer horrible policies and candidates, presenting a vivid contrast to the American people. 

The Case for Western Islam

The suggestion of a expression of Islam which emerges from western culture is one that comes from a place of love.

Democrats are Losing by Pushing Their Dirty CR Bill

Talk is going around about the “Democrats Dirty CR” and the “Republicans Clean CR”.

Biden Undergoing Radiation, Hormone Treatment for Prostate Cancer

Former President Biden has begun receiving a combination of radiation and hormone treatments for prostate cancer, spokesperson announced.

Homan Says DOJ Probing Funding Behind ‘Organized’ Attacks on ICE

Border czar, Homan said DOJ launched an investigation into funding for what he called “organized” attacks on federal immigration enforcement agents.

There Are No Survivors in the Blast at a Tennessee Explosives Factory, Sheriff Says

The blast in rural Tennessee that leveled an explosives plant and was felt for miles around left no survivors, authorities said Saturday

Trump Names Longtime Adviser Dan Scavino to Key Personnel Position

One of President Trump’s longtime advisers, Dan Scavino, is going to be in charge of selecting and appointing key positions within the executive branch.

First Lady’s Effort Helped Reunite 8 War-Displaced Children With Their Families

First lady Melania Trump said 8 children impacted by the fighting between Ukraine and Russia were reunited with their families on Oct. 9.

Trump to Impose New 100 Percent Tariff on China on Nov. 1

President Trump said that the US will impose an additional 100 percent tariffs on Chinese goods and export controls on critical software starting on Nov. 1.

Trump Admin Agrees to $20 Billion Rescue Plan for Argentina

The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.
spot_img

Related Articles

Popular Categories

MAGA Business Central