Apple plans to spend more than $500 billion in US over next four years

Apple announced plans to invest $500 billion in the U.S. over the next four years, which will include the construction of a large AI server factory in Texas and the creation of around 20,000 research and development jobs nationwide.

This investment covers a range of areas, from purchasing materials from American suppliers to funding TV and film productions for its Apple TV+ platform. However, Apple did not specify how much of this spending was already part of its existing supply chain commitments, which include partnerships with companies like Corning, a Kentucky-based manufacturer of iPhone glass.

The announcement follows reports that Apple CEO Tim Cook recently met with President Donald Trump. Many Apple products assembled in China could be subject to a 10% tariff imposed by Trump earlier this month, though the company has previously secured tariff exemptions under his administration.

Analyst Gil Luria of D.A. Davidson described the commitment as a strategic move in response to the Trump administration, estimating that Apple already spends over $150 billion annually in the U.S. He noted that, at this rate, the company could meet its $500 billion goal in just three to four years. Apple made a similar pledge in 2018, stating that its investments would contribute $350 billion to the U.S. economy over five years.

Following the announcement, Apple's stock rose by 1.2%. In a post on Truth Social, Trump expressed appreciation for Cook and Apple, calling the investment a sign of confidence in his administration.

While most Apple products are assembled overseas, many components—such as chips from Broadcom, Skyworks Solutions, and Qorvo—are manufactured in the U.S. The company also recently began mass production of its own chips at a facility in Arizona owned by Taiwan Semiconductor Manufacturing Co. (TSMC). Bringing TSMC to the U.S. and supporting what later became the CHIPS Act were key industrial policy moves during Trump’s first term.

Apple is partnering with Foxconn to establish a 250,000-square-foot facility in Houston, where it will produce AI servers for its Apple Intelligence platform. These servers, currently made overseas, power AI-driven features like email drafting and automation.

Additionally, Apple will double its Advanced Manufacturing Fund to $10 billion, with part of the expansion involving a significant investment in producing advanced silicon at TSMC’s Arizona plant. While specific details of Apple’s deal with TSMC remain undisclosed, the company has previously used this fund to help suppliers build infrastructure for its products and services.

As part of its broader investment, Apple also plans to launch a manufacturing academy in Michigan, where engineers and university staff will provide free training to small and mid-sized manufacturers in areas like project management and process optimization.