Apple Inc. has unveiled its most substantial investment commitment to date: a plan to inject over $500 billion into the United States economy over the next four years. This expansive initiative encompasses various investments, including the creation of a new factory in Texas dedicated to producing artificial intelligence (AI) servers, and the hiring of 20,000 new workers.
The 250,000-square-foot factory in Texas is slated to open in 2026, and will play a “key role” in supporting the company’s forthcoming Apple Intelligence AI model, the company stated. This AI model will bring a new suite of features to the iPhone, iPad, and Mac.
In addition to the Texas factory, Apple’s investment roadmap includes the establishment of a manufacturing academy and efforts to double the size of its U.S. advanced manufacturing fund to $10 billion. This fund is designed to foster innovation and support high-skilled manufacturing jobs across the nation.
The company said that it plans to hire approximately 20,000 individuals in the next four years to staff the Houston facility.
This investment strategy by Apple comes at a time when the U.S. government has been considering the tariffs on imports to incentivize domestic production. Apple hasn’t revealed more information about the project.
As part of its manufacturing fund, Apple has also committed billions to the Taiwan Semiconductor Manufacturing Co.’s (TSM) Arizona plant to help with the production of chips.
Apple shares have seen a gain of over 30% in the 12 months leading up to Friday.
