The world’s most expensive company Apple Inc. plans to invest $500bn in the US economy and create 20,000 new jobs in the States over the next four years, the company said in a press release on Monday.
Apple called it the most ambitious investment plan in its history. Together with partners, the company intends to create an innovative manufacturing site in Texas, where it will produce servers that support Apple Intelligence technologies. The company will also create an academy in Michigan where it will train employees involved in manufacturing.
Apple will double its Advanced Manufacturing Fund, now at $5bn, and ramp up R&D investments in the US. The company will also invest in content creation for Apple TV+ in 20 states.
The company announced the massive spending days after CEO Tim Cook met with President Donald Trump, after which the US president said Apple would “invest hundreds of billions of dollars.” Earlier, Trump had threatened to impose tariffs on imports of goods from China, where Apple manufactures a significant portion of its products.
Apple noted in a press release that it is one of the largest taxpayers in the US and that it has paid more than $75bn in taxes over the past five years, including $19bn in 2024. Over the past 12 months, Apple’s capitalisation has risen 35.5% to $3.69 trillion.
