Apple has reaffirmed its commitment to investing hundreds of billions of dollars in the U.S. over the next five years, with plans to hire 20,000 new workers and produce AI servers. The company intends to spend $500 billion domestically, with projects including a server factory in Houston and a manufacturing academy in Detroit. They also plan to expand data centers in various states. This announcement is an acceleration of existing plans, as Apple previously announced a $430 billion investment in 2021 and a $350 billion commitment in 2018. Trump has claimed credit for Apple’s investment, suggesting that his trade policies influenced their decision. Apple has also begun producing chips in an Arizona-based Taiwan Semiconductor Manufacturing Co. facility. Despite this investment, key revenue-generating products like the iPhone are still manufactured outside of the country. The new jobs created by Apple will be related to research and development, engineering, and AI. Cook stated that they are optimistic about American innovation and proud to contribute to the country’s future. Some analysts see this investment as a way for Apple to avoid tariffs and maintain a positive relationship with the Trump administration. Apple’s shares were unaffected by the announcement, remaining stable in pre-market trading.
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