Apple (AAPL) Confirms $100 Billion U.S. Investment After White House Tease
Apple Inc. (NASDAQ:AAPL) is one of the Top AI Stocks Taking Wall Street by Storm. On August 6, White House economic adviser Kevin Hassett said Apple Inc was likely to make an investment announcement. Hassett shared the information as he discussed the financial pledges made by companies and countries under President Donald Trump.
“They’re moving here in droves. This is trillions and trillions of dollars of commitments for people to build new factories here. In fact, you’re likely to see one today from Apple,” -Hassett said in an interview with Fox Business Network.
Back in February, Apple had announced that it would spend $500 billion in U.S. investments in the next four years. This, the company noted, will include a giant factory in Texas for artificial intelligence servers and an estimated 20,000 research and development jobs across the country.
A high-level executive standing at a podium addressing a conference hall filled with C-suite industry leaders.
Hassett’s hint at a major investment from Apple was swiftly confirmed when the tech giant announced a new $100 billion commitment to America, a major boost to its U.S. investment that now totals $600 billion over the next four years.
“Today, we’re proud to increase our investments across the United States to $600 billion over four years and launch our new American Manufacturing Program. This includes new and expanded work with 10 companies across America. They produce components that are used in Apple products sold all over the world, and we’re grateful to the President for his support.” -Tim Cook, Apple’s CEO.
Apple is a technology company known for its consumer electronics, software, and services.
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