Apple, facing tariffs on Chinese imports, says it will invest $500 billion in US facilities
Apple said Monday it will invest $500 billion on expanding U.S. facilities over the next four years, a move that could help it avoid new tariffs on goods imported from China.
Apple said the investment will create 20,000 jobs.
Earlier this month, President Donald Trump announced tariffs of 10% on all imports from China, from which Apple imports many products, including most of its iPhones. Trump signaled Friday that Apple was planning to make this investment following a meeting with Apple CEO Tim Cook on Thursday. Trump attributed the investment to his tariffs.
맥스카지노He맥스카지노s investing hundreds of billions of dollars, I hope he맥스카지노s announced it,맥스카지노 Trump said. 맥스카지노That맥스카지노s what he told me 맥스카지노 But he맥스카지노s investing hundreds of billions of dollars. And others, too, a lot of chip makers coming in, a lot of automakers coming in.맥스카지노
However Apple invested in growing its supply chain outside of China in recent years, partly in response to the problems with production China during the pandemic. Those investments include building a production facility for Mac Pro computers in Texas.
TSMC, which makes chips for Apple, is also a chipmaking plant in Arizona, helped by $6.6 billion in support from a bipartisan bill passed during the Biden administration to encourage investment in U.S. chip manufacturing. However, Apple has mostly expanded production in places like India and Vietnam.
맥스카지노We are bullish on the future of American innovation, and we맥스카지노re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country맥스카지노s future,맥스카지노 said Cook in a statement from the company.
Apple doesn맥스카지노t do much of its own manufacturing, using contractors instead. It said it will work with thousands of manufacturing partners spread across all 50 states to produce more products in U.S. facilities. It said part of the investment it will create an academy in Detroit to train small- and medium-sized businesses on implementing AI and smart manufacturing techniques.
It said its partners will begin production of servers in Houston later this year that it said will that support Apple Intelligence, the company맥스카지노s brand of artificial intelligence products. Apple said the 250,000-square-foot server manufacturing facility, slated to open in 2026, will create thousands of jobs. It said the servers, previously manufactured outside of the United States, are a core to its artificial intelligence efforts.
맥스카지노The servers bring together years of R&D by Apple engineers,맥스카지노 it said in its statement.
Not all the $500 billion will go into production of computer hardware. It said it is expanding data center capacity in North Carolina, Iowa, Oregon, Arizona, and Nevada. It also includes plans to invest in corporate facilities and production of Apple TV+ shows in 20 states.