Apple (AAPL.O) has announced a $500 billion investment in the United States over the next four years, which includes building a massive AI server factory in Texas and creating approximately 20,000 research and development jobs nationwide. The investment encompasses purchases from U.S. suppliers, domestic filming for Apple TV+, and other expenditures, though the company did not specify how much was already allocated to its existing supply base, which includes companies like Corning (GLW.N), known for producing iPhone glass in Kentucky.
The announcement follows reports that Apple CEO Tim Cook recently met with former President Donald Trump. Amidst 10% tariffs imposed on Chinese-assembled Apple products, the company had previously secured exemptions during Trump’s first term. Analyst Gil Luria from D.A. Davidson noted that Apple was already on track to spend over $150 billion annually in the U.S., making the new pledge a strategic move toward political goodwill.
Apple made a similar commitment in 2018 under the Trump administration, projecting $350 billion in contributions to the U.S. economy over five years. The company’s stock saw a 1.2% rise following the latest announcement. Trump thanked Apple and Cook in a Truth Social post, calling the move a sign of confidence in his administration.
Despite assembling most of its products overseas, Apple continues to source key components domestically, such as chips from Broadcom (AVGO.O), Skyworks Solutions (SWKS.O), and Qorvo (QRVO.O). Additionally, Apple recently began mass-producing its own designed chips at a Taiwan Semiconductor Manufacturing Co (2330.TW) facility in Arizona.
Source: Swifteradio.com
