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Apple is planning to spend $500 billion over the next four years to expand its manufacturing capacity in the United States.
According to a February 24 release from the company, Apple will look to hire 20,000 workers in the U.S., focused on artificial intelligence and software development, and double its U.S. Advanced Manufacturing Fund to $10 billion to invest in new domestic jobs and facilities.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments," said Apple CEO Tim Cook.
As part of this pledge, the tech giant will open a 250,000-square foot manufacturing facility in Houston, Texas to produce servers that had previously been made outside the U.S., in order to support its Apple Intelligence AI system. The company also plans to build an engineering and manufacturing training academy in Michigan, expand its data center capacity in five states, and commit billions of dollars to ramp up production of advanced silicon for chips at Apple's existing manufacturing facility in Arizona.
Historically, Apple has relied heavily on Chinese manufacturing for the bulk of its devices. But, with the Trump administration already embroiled in a burgeoning trade war with China, Apple has sought to move parts of its operations to other countries. Although most of Apple's iPhones are currently made in China, JP Morgan and Bank of America analysts expect the company to increase the share of its iPhones manufactured in India from 15% to 25% by 2027, according to a report from Financial Times.
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