Apple Will Invest $500 Billion, Add 20K Jobs Amid Tariffs on ChinaLegal Insurrection by Mary Chastain 2/25/2025
Apple will work with Foxconn Technology Group to build “the servers that power the cloud component of Apple Intelligence — a system called Private Cloud Compute — in Houston.” Apple will invest in America to avoid paying tariffs placed on goods imported from China by President Donald Trump.
From Bloomberg:
The company said Monday that it plans to spend $500 billion domestically over the next four years, which will include work on a new server manufacturing facility in Houston, a supplier academy in Michigan and additional spending with its existing suppliers in the country.
The $500 billion investment and pledge to add 20,000 new jobs mark Apple’s biggest US commitment to date. Apple said it hired 20,000 research and development workers over the last five years and said in 2021 it would invest $430 billion locally over the next half-decade. That means the latest development is a slight acceleration over its prior investments and previously announced plans, adding $39 billion in spend and an additional 1,000 jobs annually.
The disclosure comes days after Trump and Apple Chief Executive Officer Tim Cook met in the Oval Office.
Trump wrote on Truth Social:
APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULD’NT BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!
More:
https://legalinsurrection.com/2025/02/apple-will-invest-500-billion-add-20k-jobs-amid-tariffs-on-china/