Apple Unveils $500 Billion U.S. Investment to Boost Manufacturing and Jobs
Wall Street Journal
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Contributed by: Kate Gamble
Summary
Apple has announced a $500 billion investment in the U.S. over the next four years, including the construction of a new factory and the hiring of 20,000 employees. This decision follows discussions between CEO Tim Cook and President Trump concerning import tariffs' impact on Apple's business. A significant aspect of the investment is the doubling of Apple’s Advanced Manufacturing Fund to $10 billion, which will support a new manufacturing facility in Houston for AI servers and a facility for chipmaker TSMC in Arizona. Additionally, Apple plans to establish a training academy in Michigan and boost R&D efforts in multiple states, including expanding data center capacity in North Carolina and other locations.
