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Ship traffic through the Bab el-Mandeb Strait fell to its lowest level in months on Sunday after Yemen's Houthi movement attacked Saudi oil facilities...
Cupertino, CA, February 24, 2025 – Apple Inc. announced on Monday plans to add 20,000 new US jobs and produce AI servers domestically as part of a $500 billion investment over the next four years.
The strategic investment will support the construction of a new server manufacturing facility in Houston, a supplier academy in Michigan, and increased collaboration with existing US suppliers. In a statement, Apple Chief Executive Officer Tim Cook emphasized the company’s commitment to American innovation: “We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future.”
The announcement follows recent discussions in the Oval Office between Cook and President Trump, who previously expressed his approval of Apple’s local investments, noting, “He’s investing hundreds of billions of dollars.” The president’s comments came as he reiterated his threat to impose an additional 10% tariff on Chinese imports - a measure aimed at compelling companies like Apple, which builds most of its products in China, to shift production stateside.
Apple’s new initiative marks its largest domestic investment commitment to date. The company highlighted that the 20,000 new positions will primarily focus on research and development, silicon engineering, and artificial intelligence. In addition, Apple plans to begin producing servers for its Private Cloud Compute system - part of its emerging Apple Intelligence suite - in Houston later this year, in collaboration with Foxconn Technology Group. A 250,000-square-foot facility for this purpose is slated to open in the city next year.
The investment package also includes plans to expand data center capacity in Arizona, Oregon, Iowa, Nevada, and North Carolina. Mass production of chips for certain Apple products has already commenced at a Taiwan Semiconductor Manufacturing Co. facility in Arizona, further bolstering the company’s domestic footprint.
Market observers note that Apple’s announcement is a strategic response to both regulatory pressures and shifting geopolitical dynamics. The company previously managed to avert tariffs during President Trump’s earlier term by emphasizing that such taxes would ultimately benefit competitors. With similar pressures resurfacing, Apple’s renewed commitment to US production and job creation is seen as a bid to secure tariff relief and strengthen its supply chain resilience.
Shares of Apple slid as much as 1.5% in pre-market trading following the announcement. Despite the short-term market reaction, Cook expressed confidence in the long-term benefits of the investment, underscoring Apple’s belief in a robust future for American innovation and manufacturing.
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Kazakhstan's President Kassym-Jomart Tokayev called on Saturday for Russia and Ukraine to freeze the conflict and return to peace talks, saying a negotiated settlement remained possible despite the entrenched positions of both sides.
Marvel Studios used its return to San Diego Comic-Con to reveal several major projects, including a new Ghost Rider film starring Ryan Gosling and the long-awaited Black Panther 3.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Middle East.
A New York school district has put plans to introduce a humanoid robot into classrooms on hold after fierce criticism from teachers, Indigenous community members and state education officials over the use of artificial intelligence in schools.
SpaceX successfully launched its Starship megarocket on its 13th flight test Friday, deploying 20 next-generation Starlink V3 satellites and completing a soft splashdown of the spacecraft in the Indian Ocean.
Britain's new Prime Minister Andy Burnham has appointed Kanishka Narayan as Minister for Artificial Intelligence, making it the first time the role has held cabinet-level status. The move signals a stronger government focus on AI as the UK seeks to strengthen its position in the sector.
Scientists have identified a planetary system in the Milky Way unlike anything seen before, leaving astronomers debating how to classify one of its unusual worlds. The discovery challenges long-held definitions of planets, moons and stars.
A U.S. federal judge has approved Anthropic's $1.5 billion settlement with authors and publishers over the company's acquisition and use of pirated books to train its Claude artificial intelligence chatbot, marking the first major resolution in the growing wave of AI copyright litigation.
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