Apple announces the implementation of investments in the US over the next four years, the cost of which will be $ 500 billion.
Apple's plans include Construction of a factory in Texas, where servers used in data centers supplying artificial intelligence will be created. According to the head of Apple Tim Cook investments will create 20,000 jobs for qualified employees.
The second such declaration
The money will go, among others For American suppliers, but also to, for example, film producers who create content for the Apple streaming platform. The Reuters agency pointed out that it is not known, however, what amount will power American suppliers of this digital giant.
– this promise is a political gesture towards administration Donald Trump – Da Davidson Gil Luria assessed in an interview with Reuters. “It is unclear whether this announcement indicates the general growth of Apple's investment,” she added. She noted that this is money that includes expenses such as administrative costs.
During the first term of Trump, Apple made a similar declaration in 2018. At that time, the company stated that due to its investment an additional 350 billion dollars would power American economy over the next five years.
Fear of the effects of customs duties
The declaration of the head of Apple fell a week after he met with Trump. According to Reuters, a large part of Cook products is submitted to China, which means that 10 % duties imposed by the new administration may increase the costs for this enterprise, which revolutionized the technology market at the beginning of the 21st century.
Apple has moved some of the chips to its devices to the United States. They will be produced in the state of Arizona at the factory of the Taiwanese company TSMC.
As part of the new Apple ventures in Michigan, an academy will be created in which engineers and researchers from the local university will conduct free classes in production process optimization and project management for small and medium -sized enterprises.
Trade war
At the beginning of February, China imposed duties on imports from the USA in response to the new duties of the USA on Chinese goods, resuming the trade war between the two largest economies in the world.
As Reuters reminds, during his first term, in 2018, Trump initiated a brutal two -year trade war with China in connection with the huge US trade surplus. As part of it, duties worth hundreds of billion dollars turned up the global supply chains upside down and hurt the global economy.
To end this trade war, China agreed in 2020 to spend an additional $ 200 billion a year on goods from the USA, but the plan was thwarted by Covid-19 pandemia.
Source of the main photo: TheWayisee/Shutterstock