Apple has revealed plans to invest $500 billion in the United States. The company also stated that they will be hiring 20,000 new employees. Donald Trump expressed gratitude for Apple’s investment plan.

Tech giant Apple is set to invest over $500 billion in the US within the next four years. Additionally, Apple has announced their intention to hire 20,000 new employees in the US.

In a written statement by Apple, it was mentioned that the company will be developing its teams and facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington.

The statement highlighted plans for a new factory in Texas and increased investments in artificial intelligence and silicon engineering. These announcements came shortly after a meeting in the Oval Office between Apple CEO Tim Cook and US President Donald Trump. After the meeting last week, Trump had announced that Apple would be investing hundreds of billions of dollars. This commitment stands as the largest US investment pledge in Apple’s history. Cook stated, “We will continue to collaborate with people and companies nationwide to open an extraordinary new chapter in American innovation history.” President Donald Trump, on his Truthsocial account, thanked Tim Cook and Apple for announcing a record $500 billion investment in the United States, stating, “Without the confidence we provided, they wouldn’t invest a dime. Thank you, Tim Cook and Apple!”