Apple has announced a $500 billion investment in the US over the next four years, including the creation of 20,000 new jobs.
The company will build a 250,000-square-foot manufacturing facility in Houston, Texas, which is expected to be completed by 2026.
Additionally, the tech giant will double its Advanced Manufacturing Fund from $5 billion to $10 billion, which aims to boost innovation and promote advanced manufacturing development in the US.
Apple will also invest in a multi-billion expansion of TSMC’s Fab 21 facility in Arizona, where workers will manufacture chips.
The majority of the investment will be spent on developing new facilities for US-based manufacturing and increasing the number of employees and technological advancements.
Apple’s CEO Tim Cook said: “We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future.
“From doubling our Advanced Manufacturing Fund to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing.
“And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
The company also plans to launch an education center focused on manufacturing, software development, and implementing AI in Michigan, in collaboration with universities such as Michigan State.
This announcement follows the potential financial pressure from higher international tariffs, with Apple planning to manufacture more US-based products.
The multinational technology company recently reported strong earnings for Q1 of 2025, which ended on 28 December 2024. The company saw revenue rise by 4% to $124.3 billion.
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