Apple plans to spend $500 billion in the next four years - but how much of that is fresh funding?
Briefly

Apple has unveiled a substantial commitment to invest over $500 billion in the US in the next four years, which is its largest spending initiative to date. This investment will encompass various projects, including a new manufacturing facility in Houston, Texas, aimed at producing servers for Apple Intelligence, alongside job creation. The expansion also involves increasing its US Advanced Manufacturing Fund to $10 billion, promoting skills development and supporting American innovation through collaborations and educational initiatives. Apple plans to hire around 20,000 people and enhance its research in AI and technology.
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.
From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we're thrilled to expand our support for American manufacturing.
The 250,000-square-foot server manufacturing facility, set to open next year, is expected to create thousands of jobs.
A new manufacturing Academy in Detroit will link Apple engineers and experts from universities... advising them on implementing AI and smart manufacturing techniques.
Read at ITPro
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