Cupertino: Apple said Monday it will spend more than $500 billion in the United States over the next four years and hire 20,000 staff, an announcement likely to please President Donald Trump who has pushed US companies to shift manufacturing home.
According to Lao News Agency, Apple today announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the US over the next four years. The Silicon Valley-based tech giant expressed its dedication to American innovation through this significant investment.
Apple's CEO Tim Cook stated, "We are bullish on the future of American innovation, and we're proud to build on our long-standing US investments with this $500 billion commitment to our country's future." The company aims to hire around 20,000 staff, focusing on research and development, silicon engineering, software development, and AI and machine learning.
The company plans to open a new manufacturing facility in Houston, Texas, in 2026, which will assemble servers crucial for powering Apple Intelligence, part of the company's AI products, creating thousands of jobs. Additionally, an Apple Manufacturing Academy in Detroit is planned to assist companies in transitioning to advanced manufacturing.
Monday's announcement follows President Trump's recent statement that Apple plans to invest "hundreds of billions of dollars" in the United States, touting the success of his tariff plan in boosting the American economy. The administration believes tariffs will encourage domestic manufacturing, although critics warn of potential price increases for consumers.
Apple's suppliers currently manufacture silicon in 24 factories across 12 states, including Arizona, Colorado, Oregon, and Utah.