Apple announces 500bn in US investments over next four years

Apple said on Monday it would spend 500bn in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time. That 500bn in expected spending includes everything from purchases from US suppliers to US filming of television shows and movies for its Apple TV service. The company declined to say how much of the figure it was already planning to spend with its US supply base, which includes firms such as Corning that makes glass for iPhones in Kentucky. The move comes after media reports that the Apple CEO, Tim Cook, met President Donald Trump last week. Many of Apple's products that are assembled in China could face 10% tariffs imposed by Trump earlier this month, though the iPhone maker had secured some waivers from China tariffs in the first Trump administration.