The writing might be on the wall for China in several ways. They could collapse, and businesses might find working with communists isn’t all that attractive. Apple might be sending a message that the USA is a better investment. They are making a significant commitment to America with a new $500 billion investment.
Apple announced on Monday that it is committing $500 billion to the U.S. economy in a historic initiative, marking “an extraordinary new chapter in the history of American innovation.”
Apple CEO Tim Cook claims his new pledge builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing. It will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers nationwide.
I don’t think Mr. Cook invested in the USA as much as China, but this is great news.
Apple is now bullish on America!
“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 Tim Cook, Apple’s CEO. “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.”
The commitment will last five years. It will involve building an advanced AI server manufacturing factory near Houston and doubling the company’s Advanced Manufacturing Fund from $5 billion to $10 billion.
The tech giant also plans to establish an Apple Manufacturing Academy in Detroit and hire 20,000 new employees. The academy will focus on research and development, silicon engineering, artificial intelligence, and machine learning.
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Apple bailed on the RTP project in NC, believe it when you see it
I don’t trust Apple.
Never Going to Happen.
It is quite Tragic that people do not live, forever, on this planet. None of you kids recall Entire Industries ( Steel, Auto , Engineering) being gutted and sent to China. Most of you were kids.
However, the wages they pay in China are Slave Wages. Industry is Capitalizing on Slave Labor! Nothing Ever Changes it Just gets Euphemized! Industry will never come back; because they have to pay much higher wages and have Unions. So … If you could have been around back then, then you`d know “all of these” (most) Industrial Jobs (all uneducated knuckle dragger/ mouth breather positions) had Full Pensions in addition to Living Wages.
So … Nothing will ever come back; except some Silly Glorified Lab or some Feel Good”America” project cooked up by a Senator and Your Local University to make you feel better!
It was good news until cook decided to land the brick and mortar business in a corrupted blue state. Why not save millions in tax revenues and seek a business friendly red state like Texas or Florida? Huge mistake and I dint trust cook who spies on Apple users and steals their data.
But it will help the Michigan economy!
I recall that some tears ago Apple pledged a similar amount of $ to invest in a US-based Apple effort. I never heard of the company actually spending the $ as pledged.