live Trump claims Iran agreed to nuclear inspections indefinitely, Tehran rejects U.S. claims
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian asset...
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.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
Anxiety over artificial intelligence is hardening among young workers as executives promote faster adoption and companies point to automation in fresh job cuts.
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