Apple responds to tariff threat with a $500 billion US investment plan

Apple has announced plans to spend $500 bnin t h e U S o v er t h e n e x t f o u rye a rs, in c l u d in g o p e nin g an e w f a c t ory in Ho u s t o n t ha tw i llp ro d u ceser v ers t o p o w er i t s A I f e a t u res, an dd o u b l in g i t s A d v an ce d M an u f a c t u r in g F u n d t o$ 10bn.
The Texas factory will open next year and create thousands of jobs, while the fund will see a multibillion-dollar order for chips from a TSMC factory in Arizona.
It has also been announced that 20,000 new employees will be hired, with the majority focused on R&D, silicon engineering, software development, AI and machine learning.
This is in response to the impact of Trump’s trade tariffs, with a 10% tariff already in effect on goods imported from China and a 25% tariff threatened for chips.
This is the second time Apple has promised 20,000 new jobs in the US; the first was in early 2018 as part of a $350bn spend, alongside a new campus in Austin, which is still under construction.

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