Apple made a similar announcement about its US spending plans in 2018, during the first Trump administration, when it said its new and ongoing investments would contribute $350bn to the US economy over five years.
Apple said on Monday it will work with Foxconn, formally known as Hon Hai Precision Industry, to build a 250,000-square-foot facility in Houston, where it will assemble servers that go into data centers to power Apple Intelligence, its suite of AI features that help draft emails and perform other tasks.
Apple said it plans to increase its Advanced Manufacturing Fund from $5bn to $10bn, with part of the expansion being a “multibillion-dollar commitment from Apple to produce advanced silicon” at TSMC’s Arizona factory.
Apple said on Monday it would spend $500bn in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.
Most of Apple‘s consumer products are assembled outside the US, though many of Apple components are still made there, including chips from Broadcom, SkyWorks Solutions and Qorovo.
