Apple undertakes to ‘greatest’ investment in the amount of $ 500 billion
Apple plans to invest more than $ 500 billion (£ 396 billion) in the United States for the next four years, starting with a new advanced production factory in Texas.
A technological giant said he expects to create 20,000 new jobs at the time, with a “vast majority” of roles in research and development, software and artificial intelligence (AI).
It is not clear to what extent the consumption of the company’s current activity is to accelerate. Apple said the amount included everything from consumption to suppliers to Apple TV+ Productions.
The announcement comes for days after the head of the Apple Tim Cook met with President Donald Trump, which is an increased corporate investment in the USA priority.
In his announcement, Apple said his investment was his “greatest consumption commitment” and that he would expand his support to American production.
“We are a bull in the future of US innovation,” Cook said.
The new factory 250,000 square meters in Houston in Texas should produce servers that are “previously produced outside the US” to support Apple Intelligence, AI system of the company, the company announced.
The iPhone manufacturer added that it would open in 2026 and create “thousands” of jobs.
Apple also expands its data capacity in North Carolina, Iowa, Oregon, Arizona and Nevada, and doubles his support to the US production fund, which he created in Trump’s first term, with $ 5 billion to $ 10 billion.
Trump examined the announcement last week, claiming that this was partly a response to his trade policy, including tariffs.
On Monday, the President took the credit for the news of the social media, saying that the reason for investing was “faith in what we do without which they would not invest ten cents.”
Trump said he wanted to see more companies to make their products in the US, threatening to drastically raise the tariffs in an effort to make domestic production more attractive.
Last month, he imposed a new 10% border tax on all imports from China, where Apple has significant production.
He also suggested tariffs about products made in many other countries, including neighboring nations of Mexico and Canada.
Dan Ives, an analyst from Wedbush Securities, said the announcement of the “strategic move” for the diversification of the company’s production operations, “and at the same time played in Trump’s US investment topic.”
“Cook continues to prove that 10% is a politician and 90% executive,” he wrote in the note.
Ives said that the Initiatives that Apple announced on Monday did not seem to signal a major change in the production plans of the cinema company, noting that the areas in question are not a focus of activities there.