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Specifically, the firm intends to invest in building a facility in Texas that will manufacture servers for artificial intelligence systems, as well as in chip production by the Taiwanese company TSMC in Arizona. The company will also boost orders from current suppliers within the country.
Apple announced the news following a meeting between its CEO Tim Cook and US President Donald Trump last week. Following that meeting, the president stated that the company is "putting hundreds of billions of dollars" into domestic investments.
The majority of Apple's consumer devices are produced outside the US, indicating they may face the higher tariffs that Mr. Trump aims to enforce. Simultaneously, numerous parts for the machinery, such as advanced chips from Broadcom, SkyWorks Solutions, and Qorvo, are produced in the United States.
source: bloomberg.com
Apple announced the news following a meeting between its CEO Tim Cook and US President Donald Trump last week. Following that meeting, the president stated that the company is "putting hundreds of billions of dollars" into domestic investments.
The majority of Apple's consumer devices are produced outside the US, indicating they may face the higher tariffs that Mr. Trump aims to enforce. Simultaneously, numerous parts for the machinery, such as advanced chips from Broadcom, SkyWorks Solutions, and Qorvo, are produced in the United States.
source: bloomberg.com
