Apple announced on 24th February 2025 that it will invest more than $500 billion in the United States over the next four years. According to the company's statement, this represents the largest investment commitment of all time, which includes a new 23,225 square metre server processing facility in Houston, doubling the Advanced Manufacturing Fund from $5 billion to $10 billion, and creating approximately 20,000 new jobs, primarily in research and development, chip development, and artificial intelligence.
The announcement came a few days after Apple CEO Tim Cook met with President Donald Trump, whose administration introduced a 10% tariff on imports from China in early February, where Apple maintains a significant manufacturing presence. Cook stated that they are optimistic about the future of American innovation and proud to make a $500 billion commitment to our country's future, building on their long-term American investments. The $500 billion investment includes collaboration with suppliers across all 50 states, direct employment, Apple Intelligence infrastructure and data centres, corporate facilities, and Apple TV+ productions in 20 states. Also, it plans to expand the data centre capacity in North Carolina, Iowa, Oregon, Arizona, and Nevada.
Apple has made similar announcements previously: in 2018, it promised a $350 billion contribution to the American economy, and in 2021, a $430 billion contribution, planning to create 20,000 new jobs in both cases over five years. The company currently supports 2.9 million jobs nationwide through direct employment, supplier partnerships, and the iOS developer ecosystem. As a significant taxpayer, Apple has paid $75 billion in taxes to the US budget over the past five years, including $19 billion in 2024 alone.
Sources:
1.
Johana Bhuiyan
2.
3.
