Apple Reaffirms $500 Billion U.S. Investment Plan Amid Tariff Pressure

Apple Reaffirms $500 Billion U.S. Investment Plan Amid Tariff Pressure

Apple has reaffirmed its commitment to invest $500 billion in the United States over the next five years, announcing plans to hire 20,000 new workers and produce AI servers. The tech giant’s investment plans include a server factory in Houston, a manufacturing academy in Detroit, and expansions at data centers in seven states.

This announcement comes amid pressure from President Donald Trump and the threat of tariffs on imports. Trump sought to take credit for Apple’s investment, citing a meeting with CEO Tim Cook and implying that his trade duties played a role in the decision. However, analysts have raised doubts about whether Apple can deploy $500 billion in the U.S. within the proposed timeframe.

Apple’s strategy for avoiding tariffs appears to follow a similar pattern from Trump’s first term, focusing on investments that allow the president to claim credit while maintaining production of key products, such as the iPhone, outside of the country. The company plans to hire primarily for research and development, engineering, and AI roles.

In a statement, Tim Cook expressed confidence in American innovation and emphasized Apple’s commitment to the country’s future. The company’s shares remained stable following the announcement. Apple’s investment plans represent an acceleration of existing commitments and underscore its long-standing presence in the U.S. economy.

Attribution:

This article was summarized and republished from the original source.
Please check the original article here: https://www.nbcnews.com/business/business-news/apple-plans-500-billion-us-investment-trump-tariff-threat-rcna193408.

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