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Apple Makes Historic Announcement: $500 Billion Investment and 20,000 New Jobs in the US
In a groundbreaking move, tech giant Apple has announced plans to invest a staggering $500 billion in the United States over the next four years, creating an astonishing 20,000 new jobs across the country. This monumental commitment is a significant step forward for American innovation and job creation.
The announcement follows a recent meeting between Apple CEO Tim Cook and US President Donald Trump at the White House, where it was revealed that the iPhone maker would be investing heavily to avoid paying tariffs on its imported goods from China. The majority of Apple’s products are currently manufactured in China, and President Trump had threatened an additional 10% tax on these imports.
As part of this investment plan, Apple has pledged to build a new state-of-the-art manufacturing plant in Houston, Texas, spanning a massive 250,000 square feet. This facility will be dedicated to producing servers that power the company’s AI services. Additionally, Apple will establish an educational academy in Michigan focused on advanced manufacturing and increase its investment in an existing fund aimed at fostering innovation across the United States.
“We are thrilled to expand our support for American manufacturing,” said Tim Cook in a statement. “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 monumental announcement is expected to have far-reaching implications for the US economy, providing much-needed job opportunities and stimulating economic growth. The investment plan also underscores Apple’s commitment to expanding its manufacturing capabilities domestically, a significant shift from its traditional reliance on overseas production.
As this news continues to develop, CBS News will provide updates and analysis on the significance of this announcement and its potential impact on the US economy and workforce.
Source: https://www.cbsnews.com/news/apple-invest-500-billion-in-us-hire-20000-workers/
