Boasting this as its biggest-ever investment, Apple has allocated $500 billion in the US for a production unit in Houston and a skill development academy in Detroit, eyeing to create 20,000 new jobs.
Apple has recently announced its investment of almost $500 billion in the US over the next four years. Claiming to be its largest-ever investment plan, it will focus on advanced manufacturing, artificial intelligence, and skills development in emerging tech like silicon engineering.
The investment includes the opening of a new advanced manufacturing facility in Houston, which will produce servers for ‘Apple Intelligence’, the company’s personal AI system. Additionally, it plans to double its ‘US Advanced Manufacturing Fund’ to $10 billion, besides working with thousands of suppliers, direct job creation, and AI data centres.
The company will also hire 20,000 people over the next four years, focusing on AI, silicon engineering, and software development. Additionally, it is set to open a skill development centre called ‘Manufacturing Academy’ in Detroit, designed to help small businesses implement advanced production techniques and improve productivity.
Commenting on this development, Tim Cook, CEO of Apple, expressed optimism about the future of American innovation, highlighting the company’s ongoing efforts to enhance US manufacturing.
Apple, meanwhile, continues to be one of the largest taxpayers in the US, having paid over $75 billion in taxes in the last five years.Its US operations currently support 2.9 million jobs, a number expected to grow as the company opens new facilities and ramps up research and development efforts.
