Apple announces $500 billion investment in US amid tariff threats that could affect the iPhone

[Omaha Steve]

Source: AP

By ASSOCIATED PRESS
Updated 11:28 AM CST, February 24, 2025

NEW YORK (AP) — Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.

The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the tech giant’s manufacturing would shift from Mexico to the U.S. Trump noted the company was doing so to avoid paying tariffs. That pledge, coupled with Monday’s investment commitment, came as Trump continues to threaten to impose tariffs that could drive up the cost of iPhones made in China.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” Cook said in a company blog post.

Apple outlined several concrete moves in its announcement, the most significant of which is the construction of a new factory in Houston — slated to open in 2026 — that will produce servers to power Apple Intelligence, its suite of AI features. The company claims this factory will create “thousands of jobs.”

Read more: https://apnews.com/article/apple-us-investment-texas-factory-78c761e50f3f3f8186db99899efefb7c

[Prairie Gates]

1. It's gonna be as awesome as that Foxconn factory in Wisconsin

[DENVERPOPS]

8. Or McConnell's

Huge Aluminum Foundry that Russia? was gonna put into Kentucky, which never happened.........

[Bernardo de La Paz]

2. Some of this is previously announced stuff. How much is not clear. . . . . nt

[LittleGirl]

3. It took tariffs to get Apple to stay in this country? hypocrites! nt

[forgotmylogin]

4. To be fair...

Apple has always tried to push that they are a US company "Made in California" on all their products - which I think are made overseas and then programmed and packaged in the US. If they start manufacturing here it's a net plus, though it feels like they are nodding to the dictator.

[ForgoTheConsequence]

5. Their products say "designed in California".

[ForgoTheConsequence]

6. Just in time for the State of the Union address.

Kiss the ring, Tim.

[NickB79]

7. This will make Apple products even more expensive to buy

At the same time, Trump's economic policies are sending us headlong into a recession.

Not gonna have a lot of demand for $2000 phones when the unemployment rate hits 10%.

[Deminpenn]

9. This is how tariffs actually are designed to work,

to move non-US sourced production back to the US. Most companies that import parts won't do follow what Cook and Apple are doing, they'll continue to import and pass the cost along to consumers.