Latest news with #AppleManufacturingAcademy
Gulf Today
25-02-2025
- Business
- Gulf Today
Apple to invest $500 billion in US as Trump tariffs bite
Apple said on Monday it will spend more than $500 billion in the United States over the next four years and hire 20,000 people, with President Donald Trump quickly taking credit for the announcement. The Silicon Valley-based giant said it was its 'largest-ever spend commitment,' which comes as tech companies battle for dominance in developing artificial intelligence technology. The pivot to the US comes as Apple is increasingly under pressure from Trump's trade battles with China, which remains the iPhone giant's main manufacturing hub, and could be slapped with higher import tariffs by Washington. Trump, who has pushed US companies to shift manufacturing home, claimed that his administration was to thank for the investment. 'The reason, faith in what we are doing, without which, they wouldn't be investing ten cents. Thank you Tim Cook and Apple!!!' Trump wrote in capital letters on his Truth Social platform. The plan is essentially an acceleration of plans announced in 2021, when the company founded by Steve Jobs said that it would invest $430 billion in the US and add 20,000 jobs over the next five years. 'Cook continues to prove that he is 10 percent politician and 90 percent CEO,' said Dan Ives of Wedbush Securities, with Cook seeking 'smoother waters for Apple' amid Trump's tariff threats. Ives added, however, that the US plans were not a signal that Apple was significantly shifting manufacturing away from China. The announcement came days after Trump and Apple Chief Executive Officer Tim Cook met in the Oval Office. Apple on Monday said its 20,000 new hires would mostly focus on research and development, silicon engineering, software development, and AI and machine learning. It announced plans to open a new manufacturing facility in Houston, Texas, in 2026 that will assemble servers that 'play a key role in powering Apple Intelligence' -- part of the company's AI products -- and would create 'thousands of jobs.' An Apple Manufacturing Academy in Detroit is also on the cards to 'help companies transition to advanced manufacturing.' '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,' Apple's CEO Cook said in a statement. Apple's suppliers already manufacture silicon in 24 factories across 12 states, including Arizona, Colorado, Oregon, and Utah. In January, Cook hailed Apple's 'best quarter ever' as it recorded $36.3 billion in quarterly profits. The Americas remained Apple's largest market with $56.2 billion in revenue, while Europe showed strong growth at $33.9 billion. The company hopes that customers are attracted to buy the latest iPhone models because of its new AI powers. Along with Apple, other tech giants such as Google, Microsoft and Amazon are convinced that generative AI's powers are the next chapter of computing and are hiking spending to avoid being left behind. Monday's announcement comes days after Trump said that Apple plans to invest 'hundreds of billions of dollars' in the United States as he trumpeted the success of his tariff plan in boosting the American economy. Trump suggested that more companies also planned greater investment in the United States, without giving any names. The Republican president has wielded tariffs -- customs duties on imported goods -- as a trade weapon, imposing 10 percent levies on goods from China and threatening them on products including semiconductors, cars and pharmaceuticals. His administration argues that the higher costs will encourage companies to manufacture in the United States instead. Critics say that tariffs could raise prices for consumers. Gold prices surged to a record high on Monday, driven by safe-haven demand amid concerns over U.S. President Donald Trump's tariff plans, with additional support coming from inflows into the world's top gold-backed exchange-traded fund. Spot gold rose 0.2% to $2,941.60 an ounce as of 09:33 a.m. ET (1433 GMT). It hit $2,956.15 earlier in the session - its eleventh record high in 2025. U.S. gold futures added 0.2% to $2,957.50. U.S. dollar index touched its lowest level since Dec. 10 earlier in the session, making bullion more affordable for buyers using other currencies. 'Investors believe that in the coming weeks and months or longer than that gold prices are going to continue to appreciate,' said Jim Wyckoff, a senior market analyst at Kitco Metals. 'The path of least resistance for gold remains sideways to higher and as long as uncertainty persists, gold is likely to continue rising.'
USA Today
25-02-2025
- Business
- USA Today
Apple Manufacturing Company coming to Detroit
Hear this story Good morning, today is Tuesday. ⛅ Weather: Today's expected high is 48 degrees with a passing morning shower or two and periods of clouds and sunshine in the afternoon. 🎧 Prefer to listen to the news? Here are today's top stories. 😊 Like our work? Please consider supporting local journalism and getting unlimited digital access. Apple is making its presence known in Detroit with the recent announcement of an Apple Manufacturing Academy coming to the city later this year. While an exact location has not been confirmed, the academy is expected to offer free in-person and online courses, with a skills development curriculum in areas such as manufacturing process optimization and project management, writes JC Reindl. Companies will also be helped to transition to advanced manufacturing, the announcement said. Here's more in this story. 📰Related: Apple confirms on website downtown Detroit is getting Apple Store Also worth reading 📰 News: A 50-year-old IT manager struck a patriotic theme as he declared his candidacy for Dearborn mayor, saying he will focus his campaign on fighting crime, flooding and drug addiction, writes Niraj Warikoo. 🖊️ Opinion: Guest columnist and former WDIV news anchor Devin Scillian writes about what it means to be "all in" and Donald Trump's supporters. 📺 Television: Lester Holt, 65, will step down as anchor of the nightly news program after a decade, he announced Monday. He's set to move to a full-time role as anchor for NBC's "Dateline." ⏰ Keep in mind: The annual return to Daylight Saving Time in Michigan is March 9, bringing with it late evening sunshine that gets people out of the house. Here's what you need to know. 🕯️In memoriam: Roberta Flack, Grammy-winning singer of hit 'Killing Me Softly,' has died. She was 88. Thanks for starting your morning with us. Please consider supporting local journalism and getting unlimited digital access. Obituaries | Podcasts
Jordan Times
24-02-2025
- Business
- Jordan Times
Apple says to invest $500b in US over four years, hire 20,000 staff
WASHINGTON — Apple said on Monday it will spend more than $500 billion in the United States over the next four years and hire 20,000 staff, with President Donald Trump quickly taking credit for the announcement. The Silicon Valley-based giant said it was its "largest-ever spend commitment," which comes as tech companies battle for dominance in developing artificial intelligence technology. Trump, who has pushed US companies to shift manufacturing home, claimed that his administration was to thank for the investment. "The reason, faith in what we are doing, without which, they wouldn't be investing ten cents. Thank you Tim Cook and Apple!!!" Trump wrote in capital letters on his Truth Social platform. Apple said its 20,000 new hires would mostly focus on research and development, silicon engineering, software development, and AI and machine learning. It announced plans to open a new manufacturing facility in Houston, Texas, in 2026 that will assemble servers that "play a key role in powering Apple Intelligence" — part of the company's AI products — and would create "thousands of jobs." An Apple Manufacturing Academy in Detroit is also on the cards to "help companies transition to advanced manufacturing." "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," Apple's CEO Tim Cook said in a statement. Apple's suppliers already manufacture silicon in 24 factories across 12 states, including Arizona, Colorado, Oregon, and Utah. Boosting spending In January, Cook hailed Apple's "best quarter ever" as it recorded $36.3 billion in quarterly profits. The Americas remained Apple's largest market with $56.2 billion in revenue, while Europe showed strong growth at $33.9 billion. The company hopes that customers are attracted to buy the latest iPhone models by its new AI powers. Along with Apple, other tech giants such as Google, Microsoft and Amazon are convinced that generative AI's powers are the next chapter of computing and are hiking spending to avoid being left behind. Monday's announcement comes days after Trump said that Apple plans to invest "hundreds of billions of dollars" in the United States as he trumpeted the success of his tariff plan in boosting the American economy. Trump suggested that more companies also planned greater investment in the United States, without giving any names. The Republican president has wielded tariffs — customs duties on imported goods — as a trade weapon, imposing 10 per cent levies on goods from China and threatening them on products including semiconductors, cars and pharmaceuticals. His administration argues that the higher costs will encourage companies to manufacture in the United States instead. Critics say that tariffs could raise prices for consumers.
The National
24-02-2025
- Business
- The National
Apple announces $500 billion US investment
Apple on Monday announced plans to invest at least $500 billion in the US over the next four years to bolster highly skilled manufacturing, artificial intelligence and the development of students' skills throughout the country. The investment comes amid increased domestic economic uncertainty, with concerns over inflation and worries from business leaders about the possible impact of tariffs promised by the Trump administration. Apple said it plans to hire about 20,000 new people. President Donald Trump thanked both the company and its chief executive Tim Cook after the California-based tech giant's announcement. They have 'faith in what we're doing, without which they wouldn't be investing ten cents. Thank you Tim Cook and Apple!' Nowhere in Apple's press release announcing the investment does the company mention the Trump administration. Mr Cook, however, is quoted about his overall optimism regarding the company's plans in the US. '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,' he said. 'From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we're thrilled to expand our support for American manufacturing.' The company also detailed how AI and manufacturing would be integral to its US investment in the years ahead. 'Apple and partners will open a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence, the personal intelligence system that helps users write, express themselves and get things done,' the company said. Apple also announced plans to open what it described as an Apple Manufacturing Academy in Detroit, as the city continues its attempt to pivot from a post-industrial automotive-based economy. Mr Cook was last week spotted entering the White House, although details about his visit were minimal. The Apple chief has spent years navigating a geopolitical business balancing act, working with the Trump and Biden administrations, while also attempting to navigate Apple's relationships in China, which have been increasingly at odds with the US. While other US companies have floundered in China, Apple has maintained a prominent presence, with more than 50 shops in the country. Mr Cook, along with tech titans Meta founder Mark Zuckerberg, TikTok chief Shou Zi Chew, Google's chief Sundar Pichai, Amazon founder Jeff Bezos and Tesla co-founder Elon Musk, attended President Trump's inauguration. He also joined the ranks of other technology executives in donating to Mr Trump's inauguration fund. The relationship between Mr Cook and Mr Trump has at times been fraught. In 2016 during his first pursuit of the White House, Mr Trump threatened to enact tariffs on Apple products for manufacturing devices overseas, only to later ask Mr Cook to serve on the administration's American workforce policy advisory board three years later. At one point during his first term, Mr Trump bestowed Mr Cook with the nickname 'Tim Apple'. Ryan Young, a senior economist for the Conservative Enterprise Institute, reflected on Apple's announcement, and President Trump's reaction to it. "Letting politicians take credit for things is a proven political strategy. Here Apple is letting Trump take credit for things Apple was already going to do anyway," he said. "Apple did something similar in 2020, when the let Trump take credit for an Apple factory that opened in 2013." As for Apple's latest announcement, the company remained apolitical, despite overtly political posts from Mr Trump concerning the company. 'As a proud American company, we're thrilled to continue to make significant investments in the US," Mr Cook posted on X. As part of the investment, Apple said various facilities and teams in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina and Washington state will be expanding as well. According to estimates, Apple employs about 161,000 workers globally and the company says it helps to support up to 2.4 million jobs through its supplier, developer and retail infrastructure throughout the US.
CBS News
24-02-2025
- Business
- CBS News
Apple Manufacturing Academy to open in Detroit, offer free courses
Apple announced Monday it will open an Apple Manufacturing Academy in Detroit as part of the company's effort to train a new generation of U.S. manufacturers. Apple engineers and experts from colleges like Michigan State University will work with small- and medium-sized businesses on how to implement smart manufacturing techniques and artificial intelligence. The tech giant did not provide an exact location for the academy, or how many jobs will be created. It's part of the company's plan to invest more than $500 billion domestically over the next four years. "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," Apple CEO Tim Cook said in a statement. "From doubling our Advanced Manufacturing Fund to building advanced technology in Texas, we're thrilled to expand our support for American manufacturing. And we'll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation." Apple says the academy will offer free online and in-person courses, with a curriculum focused on teaching workers skills like manufacturing process optimization and project management. The company says the courses will "drive productivity, efficiency and quality in companies' supply chains." Apple launched its first developer academy in Detroit in the fall of 2021 in collaboration with MSU. The academy allows students to learn business, coding and design by using Apple tools. The tech company recently announced its opening an Apple Store in downtown Detroit later this year. It will be Michigan's seventh Apple Store. The company has four stores in southeast Michigan: Ann Arbor, Clinton Township, Novi and Troy.
