Apple Announces $500 Billion Investment in Artificial Intelligence and Job Creation in the US

Apple Announces $500 Billion Investment in Artificial Intelligence and Job Creation in the US

Apple recently announced a substantial investment of $500 billion over the next four years in the United States, focusing on artificial intelligence and job creation. This initiative aims to create 20,000 jobs and includes the establishment of a new factory in Texas set to open in 2026. Tim Cook, Apple’s chief executive, expressed optimism about American innovation and emphasized the company’s commitment to expanding its U.S. investments.

The investment will involve manufacturing artificial intelligence servers at a newly constructed facility in Houston, with Taiwanese electronics giant Foxconn handling production. These servers will enhance Apple’s data center capacity across several states. While the majority of Apple’s product manufacturing remains in Asia, this move signifies a significant step towards bolstering its U.S. presence in the tech industry.

Apple’s decision follows discussions between Tim Cook and President Trump, where plans to shift production to the U.S. were discussed to avoid tariffs. The company’s investment aligns with its strategy to diversify production locations while maintaining a global manufacturing footprint. As Apple continues to explore opportunities for growth and innovation, its investment in artificial intelligence and U.S. job creation marks a significant milestone in its expansion efforts.

Attribution:

This article was summarized and republished from the original source.
Please check the original article here: https://www.nytimes.com/2025/02/24/business/apple-tariffs-jobs-investment.html.

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