Apple's Tim Cook Highlights $23 billion UK Investment in Talks with British PM Starmer

GuruFocus.com
2024-12-12

A recent meeting between Apple CEO Tim Cook and UK Prime Minister Keir Starmer highlights Apple's major and increasing expenditure in the United Kingdom. Reflecting Apple's dedication to the technical development of the UK, over the last five years the company has spent more than 18 billion (about $23 billion).

Focused on areas like Apple Intelligence, Private Cloud Compute, and silicon engineering, this significant investment has enabled Apple's UK engineering teams to double. Apple also supports the roughly 550,000 jobs it directly employs nationwide as well as the iOS app economy and supplier chain.

    Apple's efforts also touch the creative sphere; Apple TV+ manufacturing in the UK has tripled within the previous two years. Along with hundreds of suppliers in sectors like construction, manufacturing, and hospitality, this growth has created jobs for cast and crew as well as for

    Cook also interacted with cultural icons during his tour, like "Slow Horses" actor Jack Lowden, thereby underscoring Apple's involvement into the creative sectors of the United Kingdom.

    These advances complement Prime Minister Starmer's more general economic plan to attract foreign capital and boost UK technological industry development. Starmer underlined at the most recent International Investment Summit the need of stability and a favorable legal framework in order to inspire such investments.

    This article first appeared on GuruFocus.

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