Associated Press
NEW YORK (AP) – Apple announced Monday it plans to invest more than $500 billion in the US over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.
The move comes days after President Donald Trump said Apple CEO Tim Cook had promised him that the manufacturing of the tech giant would shift from Mexico to the US. That pledge comes as Trump, coupled with his investment commitment on Monday, continues to threaten to impose tariffs that could raise the costs of iPhones made in China.
“We are bullish on the future of American innovation and we are proud to build on years of US investment with this $500 billion commitment to our country’s future,” Cook said in the company’s blog. I mentioned it in the post.
Apple outlined some concrete movements in its announcement. The most important of these is the construction of a new Houston factory (scheduled to open in 2026). The company claims the factory will create “thousands of jobs.”
The announcement resembles one Apple (during the first Trump administration) made in early 2018. It also pledged to create 20,000 new jobs as part of US $350 billion spending in Trump. , however, he was not to target those devices during his initial management.
Original issue: February 24, 2025, 1:03pm
