Apple plans to invest $500 billion domestically over the next four years and employ 20,000 additional workers in the US. iPhone Maker announced it on Monday.
The company’s plans include the construction of a new 250,000-square-foot manufacturing plant in Houston, which is set to open in 2026, creating servers that will enhance Apple’s AI services. Apple also said it would establish an education academy in Michigan to increase investment in funds aimed at promoting innovation across the US, focusing on manufacturing.
The investment and employment plan marked Apple’s “largest spending commitment ever,” the company said in a news release. The announcement follows a White House meeting last week between President Donald Trump and Apple CEO Tim Cook.
Trump has indicated that after the meeting the company has made a statement that it will invest hundreds of millions of people to avoid paying tariffs.
Apple produces most of its products in China, and the president is threatening an additional 10% tax on goods imported from the country.
Trump has invested in his social media posts for “faith in what we’re doing.” Apple did not say whether there was a plan before Trump took office.
Apple also said it plans to expand data center capacity in North Carolina, Iowa, Oregon, Arizona and Nevada. According to the company, Apple suppliers already manufacture silicon in 24 factories in 12 states.
“We are thrilled to expand our support for American manufacturing, from double the advanced manufacturing fund to building advanced technology in Texas,” Apple CEO Tim Cook said in a statement. “And we will continue to work with the people and businesses of this country to help us write an extraordinary new chapter in the history of American innovation.”
According to Wedbush Securities analysts led by Dan Ives, the announcement states that “Cook & Co. continues to diversify manufacturing strategies both in the US and around the world while also pursuing the theme of Trump’s US investment.” “Cook continues to prove he is a 10% politician and 90% CEO.”
The development marks an increase in funding and employment from Apple’s previously announced investments and plans, as the company said in 2021 would invest $43 billion domestically over the next five years.
