Apple said Monday that I would spend $ 500 billion on US investments moment.
Those $ 500 billion in expected expenses include everything from purchases of US suppliers to the filming of television programs and movies for their Apple TV+service. The company refused to say how much of the figure was already planning to spend with its US supplies base, which includes companies such as corning that manufactures glass for iPhones in Kentucky.
The measure is produced after the media reports that Apple’s CEO, Tim Cook, met President Donald Trump last week. Many of Apple’s products that are assembled in China could face 10% rates imposed by Trump earlier this month, although the iPhone manufacturer had secured some exemptions from China’s tariffs during the first Trump administration.
“This promise represents a political gesture towards the Trump administration,” said Gil Luria, a Davidson analyst, who estimated that Apple has already promised to spend more than $ 150 billion per year in the United States, including the cost of the goods sold and capital expenses.
“Even without growing much, they would only need 3 to 4 years to fulfill their obligation.”
Apple made a similar announcement about its US spending plans. In 2018, during the first Trump administration, when he said that his new and continuous investments would contribute $ 350 billion to the US economy for five years.
The company’s shares increased 1.2%.
Trump, in a real social publication, thanked Apple and Cook, saying that the measure reflected the company’s faith in its administration.
Most Apple’s consumption products are assembled outside the United States, although many of Apple’s components are still made, including Broadcom chips, Skyworks Solutions and Qorvo.
Apple said last month began to produce mass chips from its own design in an Arizona factory owned by Taiwan Semiconductor Manufacturing Co.
Bring TSMC to Arizona and help introduce legislation that later became the Chips Law to reinforce the production of semiconductors in the United States were two of Trump’s largest industrial policy movements during his first mandate.
Apple said Monday that he will work with Foxconn, formally known as Hon Hai Precision Industry, to build a 250,000 square feet installation in Houston, where he will gather servers that enter the data centers to feed Apple’s intelligence, their set of characteristics of They help write emails and do other tasks. Those servers are currently performed outside the United States, said Apple.
Apple said it plans to increase its advanced manufacturing fund from $ 5 billion to $ 10 billion, and part of the expansion is a “Apple billionaire commitment to produce advanced silicon” in the TSMC Arizona factory.
Apple did not reveal the details of its agreement with TSMC, but in the past it has used the fund to help members develop the necessary infrastructure to deliver products or services for Apple.
Apple will also open a manufacturing academy in Michigan where its engineers, together with local university staff, will offer free courses for small and medium -sized manufacturing companies in areas such as project management and manufacturing processes optimization.
