Apple has announced its master plan of investing $500 billion in the United States over the next four years. This announcement comes after Apple CEO Tim Cook meets US President Donald Trump, according to a report by Bloomberg. With this commitment, the iPhone-maker is eyeing to expand its manufacturing footprint and increase its presence in the research and development program.
According to Mark Gurman’s report, the tech giant, in partnership with Foxconn, will be setting up a new manufacturing facility in Houston. It will be setting up servers for its Private Cloud Compute system at the 250,000-square-foot plant. The facility is expected to open in the coming year.
Also read: Apple iPhone 16e launched in India with Apple Intelligence features: Check price, specs here
Additionally, Apple is also said to establish a supplier academy in Michigan aimed at “training the next generation of US manufacturers with plans to expand its data centers to different states including Arizona, Oregon, Iowa, Nevada, and North Carolina. Interestingly, Apple has also started making chips at the TSMC’s Arizona facility, which is producing components for some Apple Watch and iPad models.
The investment is also expected to create 20,000 new jobs all over the nation with major focus on research and development, silicon engineering, and artificial intelligence. Additionally, Apple will also open a dedicated academy aimed at supporting smaller manufacturers. The company has also doubled the US manufacturing fund to $10 billion.
This announcement comes after President Trump’s recent threats to impose additionalT 10 percent tariff on Chinese imports. On the other hand, Apple has been vocal about the tariffs on Chinese imports could harm US consumers and benefit foreign competitors like Samsung and others.