Feb. 24 (UPI) — Apple announced on Monday that it will spend $500 billion over the next four years expanding facilities in the United States.
The tech giant said it will expand teams and facilities in Texas along with Michigan, California, Arizona, Nevada, Iowa, Oregon, North Carolina and Washington state.
Those plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, creating a manufacturing academy, and accelerating its investment in artificial intelligence and silicon engineering.
“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,” Apple CEO Tim Cook said in a statement.
“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.”
The announcement also comes about a week after Cook met with President Donald Trump. The president recently signed an executive order adding a 10% tariff on goods made by China on top of the 25% tariffs already in place.
Most of Apple’s products, including the popular iPhones, are manufactured in China.
Apple said it will also work to produce more content for Apple TV+ media streaming service in 20 states and make new hires in research and development along with spending.
