On Monday, Apple Inc
CEO Tim Cook noted that Apple is doubling its advanced manufacturing fund to build advanced technology in Texas.
The $500 billion commitment includes Apple Intelligence infrastructure, data centers, and Apple TV+ productions.
In the next four years, Apple plans to hire around 20,000 people, most of whom will focus on R&D, silicon engineering, software development, AI, and machine learning.
Apple is doubling its U.S. advanced manufacturing fund from $5 billion to $10 billion. The fund's expansion includes a multibillion-dollar commitment from Apple to produce advanced silicon in Taiwan Semiconductor Manufacturing Co's
Apple is the largest customer at this facility, employing over 2,000 workers. Mass production of Apple chips began in January.
Apple's investments in the sector help create thousands of jobs across the country at U.S. companies like Broadcom Inc
Apple and its partners will launch a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence.
Apple will also double its U.S. advanced manufacturing fund, create an academy in Michigan to train the next generation of U.S. manufacturers and grow its research and development investments in the U.S.
Apple will work with manufacturing partners to begin production of servers in Houston later this year. A 250,000-square-foot server manufacturing facility, likely to open in 2026, will create thousands of jobs.
Previously manufactured outside the U.S., the servers that will soon be assembled in Houston play a key role in powering Apple Intelligence and are the foundation of private cloud computing for AI cloud computing.
As Apple brings Apple Intelligence to customers across the U.S., it plans to expand its data center capacity in North Carolina, Iowa, Oregon, Arizona, and Nevada.
Apple's move coincides with President Donald Trump's urgency to consolidate the U.S.'s domestic semiconductor manufacturing position, prompting chipmakers like Taiwan Semiconductor to ramp up production there.
Apple's Big Tech peers, including Microsoft Corp
Price Action: AAPL stock is down 0.56% at $244.17 premarket at last check Monday.