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Apple is committed to the US economy by $500 billion.
Apple will build an AI server manufacturing plant in Houston, acquire Doubling Company's Advanced Manufacturing Fund, establish the Apple Manufacturing Academy in Detroit, and hire 20,000 new employees.
Apple is committed to the US economy with its historic initiative, the company announced Monday, documenting “an extraordinary new chapter in the history of American innovation.”
Apple's 11-digit commitment will unfold over the next five years. This includes building an advanced AI server manufacturing plant near Houston and doubling the company's Advanced Manufacturing Fund from $5 billion to $10 billion.
Tech Giant is also planning to establish an Apple Manufacturing Academy in Detroit, and will hire 20,000 new employees focusing on research and development, silicon engineering, artificial intelligence and machine learning.
“This new pledge is based on Apple's long history of investing in American innovation and highly skilled manufacturing, focusing on artificial intelligence, silicon engineering and skill development for students and workers across the country. We support a wide range of initiatives,” the company said in a statement.
Trump celebrated the news saying, “The reason for what we're doing, our faith, and we wouldn't invest 10 cents without it.”
Apple has just announced a record $500 billion investment in the United States. Why, faith in what we do, without it, they won't invest 10 cents. Thank you to Tim Cook and Apple!!!
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