Apple has said it plans to hire about 20,000 people over the next four years as part of a more than $500 billion US investment commitment.
The "vast majority" of the new hires would focus on AI, silicon engineering, R&D, and software development, the tech giant said Monday.
The package — which Apple said is its largest-ever spending commitment — also includes plans to open a new manufacturing facility in Houston and double its Advanced Manufacturing Fund from $5 billion to $10 billion.
Apple said it's set to open the 250,000-square-foot advanced manufacturing facility in Houston next year to produce servers for Apple Intelligence, the company's generative AI product.
"We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country's future," said Tim Cook, the CEO of Apple, in a statement.
Apple's plan to add 20,000 jobs comes at a time when many large tech companies have been reducing their workforces. While it made some layoffs last year, it has not made large-scale cuts similar to companies like Meta, which earlier this month began cutting 5% of its workforce — equivalent to about 3,600 roles.
This a developing story. Check back for updates.
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.