Apple Inc. has announced plans to invest over $500 billion (approximately €478 billion) in the United States over the next four years. The announcement followed a conversation between Apple CEO Tim Cook and U.S. President Donald Trump. Earlier this month, President Trump raised tariffs on products imported from China by 10 percent, posing challenges for Apple, which manufactures many of its devices in China.
According to Bloomberg, this increase in tariffs is a significant factor driving Apple’s substantial investment in the U.S. The funding will support the construction of a new manufacturing facility in Houston. This new facility, set to open next year, will produce servers that are currently manufactured outside the U.S.
The Houston factory will span more than 23,000 square meters and create thousands of new jobs, Apple said. Additionally, the company plans to expand its data centers in states such as North Carolina, Iowa, Arizona, and Nevada. By shifting a portion of its production to the U.S., Apple aims to mitigate the impact of the tariffs and contribute to domestic economic growth.