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2mo ago

Apple Announces $500 Billion U.S. Investment Over Four Years

The initiative includes a Houston server facility, 20,000 new jobs, and expanded domestic chip production amid AI and manufacturing shifts.

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. through 2029, focusing on innovation, manufacturing, and job creation.
  • The company will build a 250,000-square-foot server facility in Houston by 2026 to support AI systems and cloud infrastructure.
  • Apple aims to hire 20,000 new employees over the next four years, with many roles centered on AI, R&D, and silicon engineering.
  • The investment includes doubling the U.S. Advanced Manufacturing Fund to $10 billion, largely to support semiconductor production at TSMC's Arizona facility.
  • The announcement follows recent tariffs on Chinese imports and highlights Apple's strategy to bolster domestic operations and supply chain resilience.