In the video below, CNBC’s Steve Kovach reports on Apple’s $500 billion investment in America, which is focused on AI server production. Apple in late February announced its largest-ever spend commitment, with plans to spend and invest more than half a trillion dollars ($500 billion) in America over the next four years. This new pledge builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country. U.S. President Donald Trump then posted the following statement on Truth Social: “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” said Apple CEO Tim Cook in a statement. “From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
As part of this package of American investments, Apple and partners will open a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence, the personal intelligence system that helps users write, express themselves, and get things done. Apple will also double its U.S. Advanced Manufacturing Fund, create an academy in Michigan to train the next generation of American manufacturers, and grow its research and development investments in the country to support cutting-edge fields like silicon engineering. Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. [Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.] The post Apple’s $500 billion investment in America focused on AI servers appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription.
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Thursday, March 6, 2025
Apple’s $500 billion investment in America focused on AI servers
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