Apple announces $500bn US investment plan

Apple announces 0bn US investment plan

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Apple said it planned to hire an additional 20,000 staff in the US over the next four years as part of a $500bn American investment plan, as chief executive Tim Cook becomes the latest business leader to court President Donald Trump with eye-catching announcements.

The $500bn figure, spread over Trump’s second term in office, includes regular spending on thousands of US suppliers, data centres and corporate facilities, as well as new initiatives such as an academy in Michigan “to train the next generation of US manufacturers”.

Apple will also open a manufacturing facility in Houston to build servers that can support its artificial intelligence ambitions.

The iPhone maker’s announcement on Monday echoes its 2018 pledge to make a $350bn “direct contribution” to the US economy, shortly after Trump was last elected.

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