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Apple Unveils Ambitious Plan to Invest $500 Billion in US Over Next Four Years
In a significant move aimed at boosting its presence and investments in the United States, tech giant Apple has announced plans to invest a staggering $500 billion domestically over the next four years. The company also revealed that it will be hiring an additional 20,000 workers in the country.
As part of this extensive plan, Apple will be establishing a new, massive manufacturing facility in Houston, Texas, covering an area of 250,000 square feet. The state-of-the-art plant is expected to begin operations in 2026 and will focus on producing servers capable of powering Apple’s artificial intelligence services.
Furthermore, the company has also committed to setting up an educational academy in Michigan, which will be dedicated to manufacturing and innovation. Additionally, Apple plans to increase its investment in a fund designed to foster innovation across the United States.
In a statement, Apple CEO Tim Cook emphasized the significance of this move, saying, “From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
The announcement comes on the heels of a meeting between President Donald Trump and Apple CEO Tim Cook at the White House last week. Mr. Trump had hinted that Apple’s investment was conditional upon avoiding paying tariffs, which could amount to hundreds of billions of dollars.
It is worth noting that Apple currently produces most of its products in China, leaving it vulnerable to potential tariffs imposed by the US government. However, with this massive investment and hiring spree, the company seems determined to shift its focus towards the American market.
This breaking news story will be updated as more information becomes available.
Source: https://www.cbsnews.com/news/apple-invest-500-billion-us-hire-20000-workers/
