The announcement comes as the tech giant continues to release new products, including the iPhone 16 and iPhone 16e, which have helped push Apple’s valuation to an astonishing $3.73 trillion.
With such a massive presence, it’s hard to imagine what’s next, but Apple and CEO Tim Cook have ambitious plans. The new investment has been described as an “extraordinary new chapter in the history of American innovation.”
Why has Apple chosen to invest in America?
Apple’s investment plan is set to span four years
In a press release announcing its investment plans, the company explained that the $500,000,000,000 pledge will build on this existing history, as well as supporting a ‘wide range of initiatives’ including artificial intelligence, silicon engineering, and skills development for students and workers from across the US.
Explaining the decision to invest in the US, Cook said: “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future.
