0835 ET - Apple's $500 billion investment in expanding U.S. manufacturing doesn't look like a signal that the iPhone maker is tweaking its Chinese manufacturing buildout, Wedbush analyst Dan Ives says in a research note. The effort involves a new facility for making servers that support Apple Intelligence, the company's AI program, and thousands of new employees in R&D and software development. Those initiatives are not areas that Apple focuses on for its China region, Ives says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 08:36 ET (13:36 GMT)
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