Apple, The World's Most Valuable Company, Commits To Record $500 BILLION In U.S. Investments — Plans To Open New AI Server Factory
Apple, The World's Most Valuable Company, Commits To Record $500 BILLION In U.S. Investments — Plans To Open New AI Server Factory
Apple, facing tariffs on Chinese imports, plans to open a 250,000 sq/ft factory in Texas to manufacture AI servers for Apple Intelligence (set to open in 2026) and will create 20,000 new jobs.
In a statement, CEO Tim Cook said:
“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,”.
Interestingly, the $500 billion figure exactly matches that of the OpenAI x SoftBank Investment Advisers backed Stargate project...
The big announcement follows Cook’s recent meeting with Trump and signals that the President is getting exactly what he wants.