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2mo ago

Apple Announces $500 Billion U.S. Investment in AI, Manufacturing, and Job Creation

The tech giant's four-year plan includes AI server production, semiconductor manufacturing, and a focus on healthcare innovation.

Apple is making a $500 billion investment commitment in the US.
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Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, U.S., November 20, 2019.
Apple CEO Tim Cook speaks during Apple's "It's Glowtime" event in Cupertino, California, September 9, 2024

Overview

  • Apple plans to invest $500 billion in the U.S. over the next four years, creating 20,000 new jobs and expanding its advanced manufacturing and AI capabilities.
  • The company will establish a new manufacturing facility in Texas dedicated to producing AI servers for its Apple Intelligence platform, enhancing security and performance in AI cloud computing.
  • A portion of the investment will support semiconductor manufacturing in Arizona, in collaboration with TSMC, as part of Apple's efforts to strengthen U.S.-based chip production.
  • Apple's healthcare ecosystem, including innovations like the Apple Watch and health tracking software, is expected to benefit significantly from the AI advancements and infrastructure expansion.
  • The investment also includes initiatives such as sourcing components from U.S. suppliers, expanding Apple TV+ content, and launching a skill development academy in Michigan for manufacturing workers.