Apple makes $500 billion investment in the U.S.

Here's how Apple is betting on American innovation.

Feb 24, 2025 - 22:30

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Apple makes $500 billion investment in the U.S.

Transcript:

Conway Gittens: Half of a trillion bucks. That’s the humungous dimension of the funding Apple has pledged to develop in the United States over the next four years. The money will be passe to invent 20,000 jobs and magnify Apple’s manufacturing publicity contained in the U.S. Also a part of the thought, a 250,000-sq.-foot manufacturing facility in Texas, centered on constructing synthetic intelligence servers.

In an announcement issued by the firm, CEO Tim Cook dinner says “We are bullish on the manner forward for American innovation, and we’re proud to originate on our lengthy-standing US investments.”

Associated: High analyst weighs in on Apple's big U.S. spending shock

The $500 billion commitment is additionally being viewed as Cook dinner’s approach to limiting publicity to new tariffs on imported goods. The iPhone, which is Apple’s most crucial product, is basically made outside of the U.S. Apple already had plans to create Mac Official computers at a new manufacturing plant deliberate for Texas.

A couple of of Apple’s partners are investing in the U.S., as nicely. Chipmaker TSMC is constructing a producing facility in Arizona as a result of funding from the Chips Act handed under President Biden.

Apple doesn’t discontinue much manufacturing itself, selecting as a substitute to farm out that work to so-known as contract manufacturers. So as that $500 billion funding is de facto going to be filtered through these manufacturing partners. Apple says the benefits will be unfold all over all 50 states.

Turning to markets now, stocks are struggling considerably on this Monday following the worst week for the Dow all yr. Shares of Domino’s Pizza are down after quarterly results from the pizza chain point out difficulties connecting with finances-conscious U.S. patrons.

That’ll discontinue it to your Day-to-day Briefing. From the New York Stock Replace, I’m Conway Gittens with TheStreet.