In a historic deal, Apple announced Monday to commit a thumping $500 billion investment in the U.S. economy over the next four years, marking “an extraordinary new chapter in the history of American innovation.”
The commitment, deemed the largest-ever investment in American manufacturing and innovation, is on.
READ: Apple eager to defend Google during antitrust trial (December 26, 2024)
The iPhone-maker aims to hire 20,000 new employees focused on research and development, silicon engineering, artificial intelligence, and machine learning, as part of the new initiative.
The Cupertino, California-based tech giant plans to construct a 250,000-square-foot manufacturing facility near Houston, Texas, slated to open in 2026. This plant will produce servers supporting Apple Intelligence, the company’s artificial intelligence system, and is expected to create thousands of jobs.
In addition to the Houston facility, Apple will double its U.S. Advanced Manufacturing Fund from $5 billion to $10 billion and establish an Apple Manufacturing Academy in Detroit to train the next generation of U.S. manufacturers.
“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,” said Apple CEO Tim Cook in a media release.
This announcement follows a recent meeting between Cook and President Donald Trump, during which they discussed Apple’s plans to expand its U.S. operations. The investment aligns with the administration’s efforts to encourage domestic manufacturing and reduce reliance on overseas production.
Apple’s $500 billion commitment includes working with suppliers across all 50 states, expanding data centers, and increasing investments in Apple TV+ productions in 20 states. Over the past five years, Apple has paid more than $75 billion in U.S. taxes, including $19 billion in 2024 alone.
READ: Apple to pay $95 million to settle Siri lawsuit (January 3, 2025)
Apple’s investment in the U.S. economy mirrors OpenAI’s Stargate Project, both aiming to bolster domestic innovation and job creation. Announced on Jan. 21, Stargate is a joint venture involving OpenAI, SoftBank, Oracle, and MGX, with plans to invest up to $500 billion in AI infrastructure across the U.S. by 2029. The initiative seeks to enhance American leadership in artificial intelligence, with an initial $100 billion allocated for constructing data centers, starting in Texas.
Both initiatives reflect a broader trend of major tech companies investing heavily in domestic infrastructure to drive innovation and economic growth under the new Trump administration.