New York: Apple said on Monday that the company will invest $ 500 billion (about 43 lakh crore rupees) in the US in the next four years, which means it will invest $ 125 billion (Rs 11 lakh crore) annually. The size of the recently announced Indian economy is estimated to be Rs 55 lakh crore. An American company will invest 90 percent of this budget in the US.
It also involves setting up a huge factory for the artificial intelligence server in Texas. This will create more than 20,000 jobs in software research and development across the country. Apple’s investment includes American television shows and TV buying from American suppliers for Apple TV. The company refused to explain how much it planned to spend on its supply basis in the US. It also includes a company called Corning, which makes glass for the iPhone in Kentki.
The move was reportedly taken after Apple CEO Tim Cook’s meeting with President Donald Trump last week. Many Apple products are assembled in China. This may threaten the company to face 10 percent of tariffs declared by Trump this month, but was able to get some relief from the tariff imposed on China during the first term of the iPhone manufacturer Trump.
Apple announced its budget in the US in 2018 as well. It said that through new and current investments, it can contribute $ 350 billion to the US economy in the next five years.
Trump thanked Apple and Tim Cook in his post and said his investment reflects his confidence in the current system. Most of Apple’s consumer products are made in China. Apple said that it has started producing chips designed by the Taiwan Semiconductor Manufacturing Company last month.
Apple said it would increase advanced manufacturing from $ 5 billion to $ 10 billion. He will take this step in terms of his billions of dollars investment commitment. Apple said that it is one of the most taxing companies in the US. It has paid a tax of $ 75 billion in the last five years. In 2024 alone it paid a tax of $ 19 billion.
