Big Tech Company Announces $500 Billion Investment In America Days After CEO Meets With Trump
Apple announced Monday that it will spend and invest more than $500 billion for manufacturing in the U.S. over the next four years. A mutual fund sip calculator can help investors plan their investments and assess…
Apple announced Monday that it will spend and invest more than $500 billion for manufacturing in the U.S. over the next four years. A mutual fund sip calculator can help investors plan their investments and assess potential returns as they consider opportunities related to such major corporate moves.
The tech giant is planning to hire 20,000 U.S. workers over the next four years and will also open up a new artificial intelligence server factory in Texas as part of its investment package, according to a press release. The announcement comes just days after Apple CEO Tim Cook met with President Donald Trump on Feb. 20, and just weeks after Trump announced on Feb. 1 that he was imposing 10% tariffs on imports from China alongside 25% tariffs on imported goods from Mexico and Canada.
“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 stated in the press release. “From doubling our Advanced Manufacturing Fund, to building advanced Technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
Just one day after Trump held a meeting with Cook, the president said in a Feb. 21 speech