Apple today announced that it plans to invest more then $500 billion in the United States over the next four years. The company’s announcement comes on the heels of a recent meeting between Apple CEO Tim Cook and President Donald Trump.
This new pledge will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” said Tim Cook, Apple’s CEO. “From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
The tech giant plans to construct a new 250,000-square-foot server manufacturing facility in Houston, where Apple and Foxconn will produce servers for Apple’s Private Cloud Compute system. The new facility is scheduled to open in 2026.
Apple will also double its U.S. Advanced Manufacturing Fund, create an academy in Michigan to train the next generation of U.S. manufacturers, and grow its research and development investments in the U.S. to support cutting-edge fields like silicon engineering.
The 20,000 new jobs Apple plans to create will focus primarily on research and development, silicon engineering, and artificial intelligence.
In Detroit, Apple plans to open a dedicated academy to support smaller companies. The tech giant is also doubling its US manufacturing fund to $10 billion.
“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 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.”
Apple’s announcement comes following President Trump’s announcement of an additional 10% tax on Chinese imports, and could be timed to curry favor with Trump.
