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Apple proclaims $500bn funding within the US | Donald Trump Information

by Index Investing News
February 24, 2025
in World
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The transfer comes on the heels of threats by US President Donald Trump to impose tariffs that will make iPhones made abroad costlier.

Apple has stated that it plans to speculate greater than $500bn in the US over the subsequent 4 years, together with plans to rent 20,000 individuals and construct a brand new server manufacturing unit in Texas.

The transfer, introduced on Monday, comes simply days after President Donald Trump stated Apple CEO Tim Prepare dinner promised him that the tech large’s manufacturing would shift from Mexico to the US. Trump famous the corporate was doing so to keep away from paying tariffs.

That pledge, coupled with Monday’s funding dedication, got here as Trump continues to threaten to impose tariffs that would drive up the price of iPhones made in China.

“We’re bullish on the way forward for American innovation, and we’re proud to construct on our long-standing US investments with this $500 billion dedication to our nation’s future,” Prepare dinner stated in an organization weblog submit.

Apple outlined a number of concrete strikes in its announcement, essentially the most important of which is the development of a brand new manufacturing unit in Houston, Texas — slated to open in 2026 — that can produce servers to energy Apple Intelligence, its suite of AI options. The corporate claims this manufacturing unit will create “1000’s of jobs.”

The announcement is much like one Apple made in early 2018 — through the first Trump administration — that promised to create 20,000 new jobs as a part of a $350bn spend within the US. Trump was additionally mulling a tariff then that would have affected iPhones on the time, however he didn’t find yourself concentrating on these units throughout his first administration.



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