Posted on 02/24/2025 10:33:50 AM PST by SeekAndFind
Shortly after Apple's CEO met with President Donald Trump last week, it announced a $500 billion investment in the United States through infrastructure, factories, and other facilities.
The announcement detailed the investment into several initiatives, including opening a new advanced manufacturing facility with partners in Texas, doubling its U.S. Advanced Manufacturing Fund, and establishing a new manufacturing academy in Michigan. Apple CEO Tim Cook said the investment comes because the company has confidence in the country's future.
“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,” Cook said in a statement.
“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,” Cook added.
The company also said it would hire roughly 20,000 people, mostly in research and development, silicon engineering, software development, and artificial intelligence.
Trump celebrated the announcement as an example of U.S. companies having faith in his administration and the outlook for the country.
"APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULD’NT BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!" Trump posted on Truth Social.
The investment from Apple comes weeks after Trump and leaders in the artificial intelligence field announced financing to build an AI infrastructure for the country.
The project, titled Stargate, will be funded by the companies involved, with a total of $500 billion over the next four years.
(Excerpt) Read more at msn.com ...
Whoah! They have that much?
It’s a cash machine. Plus, they repatriated billions after a change in the tax law in the first Trump Admin.
All the big tech companies have 100 billion plus cash piles that have been sitting around for a decade or more.
Now they have a chance to put them to work.
They’re doing so. All of them are going all in.
The next couple years in the USA are going to be a huge investment boom.
More More More
If you build it, they will come.
Build a business-friendly atmosphere, along with inexpensive, abundant energy supply (businesses do not run on sunshine) and everyone benefits.
“Mr. President, those jobs aren’t coming back,” Steve Jobs
Well, some of them are!
I don’t understand the Tech. companies’ motivation to come back to America. Isn’t it inconsistent with their earlier motivation to move so many of their operations out of America?
Am I to believe that these industry leaders are actually patriots as opposed to globalists?
Let’s not live under the illusion that companies like Apple are motivated by patriotism.
They’re not.
PROFITS is their bottom line desire.
They come back if you give them REASONS to profit — reasonable regulations, favorable taxes, less burdensome government, peace and order, a climate conducive to doing business, etc.
The jobs they create are a natural result of these factors.
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