Apple plans to invest $500 billion in the US over the next four years

Apple plans to ramp up its US hiring and investments. On Monday, the company said it will hire around 20,000 workers and spend over $500 billion in the US over the next four years. In 2021, several months after former President Biden took office, Apple said it would invest $430 billion domestically over the following five years. Bloomberg notes today's announcement marks an added $39 billion in spending and an extra 1,000 jobs annually over its previous numbers. The newly announced package will include a new manufacturing facility in Houston to build servers for Apple Intelligence, which has increasingly become central to the company's plans and advertising campaigns. The Private Cloud Compute servers that handle Apple Intelligence's more complex server-AI queries use Apple M-series chips, which are still produced in Taiwan. ADVERTISEMENT Advertisement Apple said most of the 20,000 new jobs will focus on R&D, AI and machine learning, silicon engineering and software development. Th ... Read full article.