Apple announces $500bn investment in the US

Apple has stated that over the next four years, it intends to invest more than $500 billion in the US, including plans to employ 20, 000 people and construct a new server factory in Texas.

The move, which was made public on Monday, comes just days after Tim Cook, the CEO of Apple, told him that the tech giant’s manufacturing would move from Mexico to the US. Trump claimed that the business was avoiding paying tariffs.

That pledge, coupled with Monday’s investment commitment, came as Trump continues to threaten to impose tariffs that could drive up the cost of iPhones made in China.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future”, Cook said in a company blog post.

Apple outlined several concrete moves in its announcement, the most significant of which is the construction of a new factory in Houston, Texas — slated to open in 2026 — that will produce servers to power Apple Intelligence, its suite of AI features. The business claims that “thousands of jobs will be created” at this factory.