Apple reiterated its commitment to investing billions of dollars in the U.S. in the face of pressure from President Trump and the threat of tariffs. The company plans to spend $500 billion over the next five years, hire 20,000 new workers, and produce AI servers. This includes a server factory in Houston, a manufacturing academy in Detroit, and expansions at data centers in several states. This announcement accelerates Apple’s existing plans, which include investing $430 billion domestically over five years. The company also revealed that a Taiwan Semiconductor Manufacturing Co. facility in Arizona has started producing chips for Apple.
President Trump has tried to take credit for Apple’s investment, claiming that his threats of tariffs influenced the company’s decision. However, Apple’s investment strategy seems to be consistent with its actions during the first Trump administration. The company plans to focus on research and development, engineering, and AI with the new jobs it intends to create.
Cook emphasized the company’s belief in American innovation and its commitment to the country’s future. Apple’s shares remained stable following the announcement. Overall, Apple’s latest investment plans signal its dedication to expanding its presence in the U.S. and contributing to the country’s technological advancement.
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