Apple to invest $500bn in US, open Texas factory

Tech giant Apple has revealed plans to invest more than $500bn (€477bn) in the US over the next four years. The investment will include a new manufacturing factory in Texas and the creation of 20,000 jobs, mostly in research, development, software, and artificial intelligence (AI).

Apple has not clarified how much of the spending represents new activity, stating that the sum includes various expenditures such as supplier payments and Apple TV+ productions. This announcement follows a meeting between Apple CEO Tim Cook and President Donald Trump, who has prioritised increasing corporate investment in the US.

Describing the commitment as its “largest-ever spend commitment,” Apple highlighted its continued support for American manufacturing. “We are bullish on the future of American innovation,” Cook said.

The new 250,000-square-foot factory in Houston, Texas, will produce servers for Apple Intelligence, the company’s AI system. Previously, these servers were manufactured outside the US. The facility is set to open in 2026 and create “thousands” of jobs.

Apple is also expanding data centres in North Carolina, Iowa, Oregon, Arizona, and Nevada. Additionally, it is doubling its US manufacturing fund from $5bn to $10bn, a fund initially created during Trump’s first term.

Trump took credit for Apple’s announcement, stating that the investment reflects faith in his policies. He has pushed for more domestic manufacturing and recently imposed a 10% border tax on all Chinese imports. However, analysts suggest Apple’s move is a strategic diversification rather than a major shift from China.