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Apple Invests $500 Billion in US, Creates 20,000 New Jobs Over Next Four Years
In a groundbreaking announcement, technology giant Apple revealed plans to invest a staggering $500 billion in the United States over the next four years. The massive investment will also lead to the creation of 20,000 new jobs across the country.
According to sources close to the matter, Apple’s CEO Tim Cook emphasized the company’s commitment to strengthening American manufacturing and innovation during a meeting at the White House with President Donald Trump. The move comes as a significant blow to China, where Apple currently produces most of its products, in an effort to avoid paying tariffs that could drastically impact the company’s bottom line.
As part of this ambitious plan, Apple has committed to building a 250,000 square-foot manufacturing plant in Houston, Texas, which is expected to begin operations in 2026. This facility will be dedicated to producing servers that power Apple’s AI services, further solidifying the tech giant’s foothold in the US.
Furthermore, Apple announced its intention to establish an educational academy in Michigan focused on advanced manufacturing and technology skills training, with the aim of fostering a skilled workforce that can meet the demands of innovative industries like AI.
In addition to these initiatives, Apple has also pledged to increase its investment in its existing Advanced Manufacturing Fund by 100%, effectively doubling its commitment to supporting American innovation. This move is expected to have far-reaching positive effects on the US economy and job market.
Apple’s CEO Tim Cook expressed his company’s excitement at the prospect of expanding its operations within the United States, stating, “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.”
This historic announcement is expected to have a profound impact on the US economy and job market, and will be closely watched by industry experts and financial analysts alike.
Source: https://www.cbsnews.com/news/apple-invest-500-billion-in-us-hire-20000-workers/
