Apple (NASDAQ:AAPL) is making a massive bet on U.S. growth, planning to invest over $500 billion in the next four years. The tech giant also aims to hire 20,000 people, mainly in R&D, AI, silicon engineering, and software development.
A key part of this push is a new advanced manufacturing facility in Houston, where Apple and its partners will build servers for Apple Intelligence. The company is also doubling its U.S. Advanced Manufacturing Fund to $10 billion and launching a manufacturing academy in Michigan. The investment spans all 50 states, covering supplier partnerships, corporate facilities, data centers, and Apple TV+ productions in 20 states.
The move comes weeks after President Donald Trump imposed a 10% tariff on Chinese imports. Many Apple products are assembled in China, and CEO Tim Cook reportedly met with Trump recently. Apple's Houston facility, opening next year, will manufacture servers previously made overseas. The company is also expanding data centers in North Carolina, Iowa, Oregon, Arizona, and Nevada. "We are bullish on the future of American innovation," Cook said, reinforcing Apple's commitment to U.S. expansion.
This article first appeared on GuruFocus.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.