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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.