Close Menu
Influential MagazineInfluential Magazine
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

What's Hot
U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

May 9, 2025
DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

May 9, 2025
Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

May 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Influential MagazineInfluential Magazine
SUBSCRIBE
  • Home
  • Latest News
  • Entrepreneurs
  • Business
  • Finance
  • Leadership
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
Influential MagazineInfluential Magazine
Home » Apple to Invest $500 Billion in U.S. as Trump Tariffs Loom

Apple to Invest $500 Billion in U.S. as Trump Tariffs Loom

February 24, 20253 Mins Read Business
Apple to Invest 0 Billion in U.S. as Trump Tariffs Loom
Share
Facebook Twitter Reddit Telegram Pinterest Email

Days after its chief executive met with President Trump, Apple said on Monday that it planned to spend $500 billion in the United States over the next four years, hire 20,000 people and open a new factory in Texas to make the machines that power the company’s push into artificial intelligence.

“We are bullish on the future of American innovation, and we’re proud to build on our longstanding U.S. investments,” Tim Cook, Apple’s chief executive, said in a statement.

Mr. Cook met with President Trump last week. After that meeting, Mr. Trump said that the company would shift production to the United States: “They’re going to build here instead because they don’t want to pay the tariffs,” Mr. Trump said in a speech to a gathering of governors.

Most iPhones are manufactured in China by the Taiwanese electronics giant Foxconn. Earlier this month, U.S. tariffs of 10 percent on all Chinese products took effect. Levies on imports from Canada, Mexico and other major trading partners could be imposed in the coming weeks.

Foxconn has spent millions of dollars over the past two years building up its operations outside of China, including in Texas, and in Mexico, where the company already assembles A.I. servers. The company’s chairman previously said that this expanded footprint would help insulate Foxconn against U.S. tariffs.

Apple said it would begin assembling advanced servers “previously manufactured outside the U.S.” at a new, 250,000-square-foot facility in Houston. The facility is slated to open next year, Apple said, and “will create thousands of jobs.” As the company rolls out A.I. features in its devices, it also plans to expand its data center operations in Arizona, Iowa, Nevada, North Carolina and Oregon.

Apple described its announcement on Monday as its “largest-ever spend commitment.” The $500 billion would go toward manufacturing facilities, data centers, entertainment productions and other initiatives, the company said. Also over the next four years, the company plans to hire 20,000 people, primarily focused on “R&D, silicon engineering, software development, and AI and machine learning.”

Four years ago, a few months after President Joseph R. Biden Jr.’s inauguration, Apple announced an “acceleration” of its U.S. investments, pledging to spend $430 billion and add 20,000 jobs over five years. In January 2018, during Mr. Trump’s first term, the company said that its “direct contribution to the U.S. economy” would be $350 billion over five years and that it planned to create 20,000 jobs over that period.

Apple did not immediately respond to a request for comment.

Apple Inc Artificial Intelligence Computers and the Internet Cook Donald J Factories and Manufacturing Timothy D Trump
Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticlePushback to Latest DOGE Demand May Signal Limits for Elon Musk
Next Article Lester Holt to Leave ‘NBC Nightly News’ Anchor Role

Related Posts

U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

May 9, 2025
DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

May 9, 2025
Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

May 9, 2025
Panasonic to Cut 10,000 Jobs in Major Overhaul

Panasonic to Cut 10,000 Jobs in Major Overhaul

May 9, 2025
A Top Travel Trend: ‘Set-Jetting’ to Locations From Movies and TV

A Top Travel Trend: ‘Set-Jetting’ to Locations From Movies and TV

May 9, 2025
‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

May 9, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

U.S. automakers say Trump’s trade deal with Britain gives foreign companies a leg up.

By News RoomMay 9, 2025

President Trump has ordered federal agencies to abandon the use of a longstanding legal tool…

DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

DOGE’s Zombie Contracts: They Were Killed but Have Come Back to Life

May 9, 2025
Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks

May 9, 2025
Panasonic to Cut 10,000 Jobs in Major Overhaul

Panasonic to Cut 10,000 Jobs in Major Overhaul

May 9, 2025

Subscribe to Updates

Get the latest business and finance news for entrepreneurs all around the world.

About Us
About Us

Influential Magazine is one of the top news portals about Business and Finance news for Entrepreneurs and leaders all around the world, follow us for more intersting articles and news.

Our Picks
Panasonic to Cut 10,000 Jobs in Major Overhaul

Panasonic to Cut 10,000 Jobs in Major Overhaul

May 9, 2025
A Top Travel Trend: ‘Set-Jetting’ to Locations From Movies and TV

A Top Travel Trend: ‘Set-Jetting’ to Locations From Movies and TV

May 9, 2025
‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

‘How Do I Survive?’: Tariffs Threaten U.S. Market for Traditional Chinese Medicine

May 9, 2025
Trending Now
Hope and Anxiety Share the Stage as Finance Titans Converge on L.A.

Hope and Anxiety Share the Stage as Finance Titans Converge on L.A.

May 9, 2025
Brookfield Complaint

Brookfield Complaint

May 9, 2025
Kenneth Walker, 73, Journalist Who Bared Apartheid’s Brutality

Kenneth Walker, 73, Journalist Who Bared Apartheid’s Brutality

May 9, 2025
Influential Magazine
Facebook X (Twitter) Instagram LinkedIn
  • Home
  • Privacy Policy
  • Contact
  • Terms & Conditions
© 2025 Influential Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.