Apple plans to invest more than $500 billion in the U.S. in the next four years. Calling it its “largest-ever spend commitment,” the tech giant on Monday (Feb. 24) announced that this plan will involve hiring 20,000 workers, and opening a manufacturing facility in Houston to make servers to support Apple Intelligence, the company's artificial intelligence (AI) system.
Substantial investment totals into the A.I. space headline early Monday movers: Apple (AAPL) and Alibaba (BABA).
Apple says it will hire 20,000 new workers and produce AI servers in the United States. Plans also include spending $500 billion domestically over the next four years as it seeks relief from President Donald Trump's tariffs on good imported from China.
Tim Cook continues to prove that he is 10% politician and 90% CEO Apple Inc (NASDAQ:AAPL, ETR:APC) is making a massive $500 billion bet on the US economy, and it could not have come at a more interesting time. The tech giant announced on Monday that it plans to invest this staggering sum over the next four years, focusing on artificial intelligence, manufacturing, and skills training.
Apple is set to defend its DEI programs against critical investors at its annual shareholder meeting. A vote is expected Tuesday on a motion brought by a conservative think tank to axe its DEI programs.
Apple on Monday announced the company will invest more than $500 billion in the U.S. over the next four years, including plans to build a new factory and hire 20,000 people in the country, just days after the iPhone maker's CEO Tim Cook met with President Donald Trump.
Apple is matching the amount of the Stargate AI joint venture — and building goodwill with the new administration in a familiar approach.
Axios co-founder Mike Allen joins 'Squawk Box' to discuss news of Apple's plans to build an AI server factory in Texas by 2026 with Foxconn, Elon Musk's productivity purge, and more.
Apple said it will work with partners to open a 250,000-square-foot AI server manufacturing facility in Houston, Texas. The new factory, which is slated to open in 2026, will form part of a $500 billion in the U.S. over the next four years.
The U.S. government is leaning hard on tech companies to make more commitments to building their businesses in the country, and Big Tech is falling in line. On Monday, Apple laid out its own plans in that area: it will spend $500 billion over the next four years in areas like high-end manufacturing, engineering, and education covering technologies like artificial intelligence and chip making.
The plan comes just days after CEO Tim Cook met with U.S. President Donald Trump.
Apple has said it plans to hire about 20,000 people over the next four years as part of a $500 billion US investment commitment. The package will cover initiatives focusing on AI, skills development, and manufacturing, the tech giant said Monday.