Apple to spend $500B in U.S. over next four years, plans to hire 20,000 people
Feb. 24, 2025 6:24 AM ET
By: Sinchita Mitra, SA News Editor
Apple (NASDAQ: AAPL) said it has planned to spend and invest more than $500 billion in the U.S. over the next four years.
The tech company also intends to hire about 20,000 people in the next four years, of which the vast majority will be focused on R&D, silicon engineering, software development, and AI and machine learning.
As part of this plan, the iPhone-maker and partners will open a new advanced manufacturing facility in Houston, which will produce servers that support Apple Intelligence.
The $500 billion commitment includes Apple’s work with thousands of suppliers across all 50 states, direct employment, Apple Intelligence infrastructure and data centers, corporate facilities, and Apple TV+ productions in 20 states, the company said.
The firm will also double its U.S. Advanced Manufacturing Fund to $10 billion from $5 billion, create an academy in Michigan to train the next generation of U.S. manufacturers, and also grow its research and development investments in the U.S.
The news comes weeks after U.S. President Donald Trump imposed a 10% tariff on Chinese imports. A lot of Apple's products are assembled in China.
Last week, media reports suggested that Apple (NASDAQ: AAPL) CEO Tim Cook had met with Trump.
Apple will collaborate with manufacturing partners to begin production of servers in Houston later this year. The manufacturing facility will be a 250,000-square-foot server and is expected to open next year.
The servers, which were previously manufactured outside the U.S., will soon be assembled in Houston, and the firm also plans to continue expanding data center capacity in North Carolina, Iowa, Oregon, Arizona, and Nevada.
Additionally, the company said it will open the Apple Manufacturing Academy in Detroit to help companies transition to advanced manufacturing.
“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,” Cook said. |
