On Monday, the tech company Apple announced it will spend more than $500 billion in the U.S. over the next four years.
CEO Tim Cook said the investment will include an advanced manufacturing facility in Houston and an academy in Michigan to train the next generation of U.S. manufacturers.
He said the commitment will impact Apple’s relationships with thousands of suppliers across all the states.
“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,” Mr. Cook said.
President Trump praised the announcement as the product of his push to promote domestic industries.
“Apple has just announced a record 500 billion dollar investment in the United States of America. The reason is faith in what we are doing; without witch [sic], they wouldn’t be investing ten cents,” he posted in all caps on Truth Social.
California-based Apple said it supports 2.9 million jobs but plans to make 20,000 new hires in the next four years. It said the new 250,000-square-foot server manufacturing facility in Houston, scheduled to open in 2026, will create thousands of jobs.
