Apple Takes A Bite Of Trumponomics
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For the economic observers keeping track, Apple can be added to the growing list of multinational corporations pledging to invest billions of dollars in the US economy.
Is the iPhone maker ultra-bullish on Trumponomics, or is the tech juggernaut attempting to avoid the new administration’s tariffs? It could be a bit of both, as President Donald Trump has vowed to implement a pro-business climate, and Apple is trying to diversify its global supply chain away from China.
The big Apple is allocating its capital to the Lone Star State. In a Feb. 24 announcement, the company confirmed that it will open a new facility in Texas designed for artificial intelligence (AI) servers as part of a broader $500 billion investment in nearly two dozen states over the next four years.
The 250,000-square-foot manufacturing facility will be located in Houston and will create servers for Apple Intelligence, an AI personal assistant for its line of products, including the iPhone, iPad, and Mac computers. It plans to initiate operations in 2026.
In addition to the new AI-related location, Apple will allocate part of the money to collaborate with US suppliers and produce content for its media streaming service, Apple TV+.
It will double its US Advanced Manufacturing Fund from $5 billion to $10 billion, bolster its domestic research and development investments in silicon engineering, and launch a new Michigan-based manufacturing academy.
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