Apple's $500 Billion Commitment to U.S. Manufacturing and Innovation

Apple plans to establish a factory in Texas to build AI servers, creating 20,000 U.S. R&D jobs. It will invest $500 billion over four years, including significant funds in manufacturing. Apple is expanding chip production partnerships domestically, while bolstering education with a new academy in Michigan.

Apple has announced its ambitious plan to operationalize a quarter-million-square-foot factory in Texas by 2026, which will focus on constructing artificial intelligence servers. This move is expected to generate approximately 20,000 new research and development roles across the United States.

Over the coming four years, Apple intends to invest $500 billion within the U.S., a figure that spans from purchases from local suppliers to the U.S.-based production of Apple TV+ content. Notably, this supports Apple's opposition to the anticipated tariffs on its Chinese-assembled products by diversifying its supply chains domestically.

In addition, Apple is expanding its Advanced Manufacturing Fund to $10 billion to further enhance its partnership with TSMC in Arizona and plans educational initiatives in Michigan to support local manufacturers. This comprehensive strategy underlines Apple's commitment to bolstering U.S. industrial capabilities.

(With inputs from agencies.)