Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.
The move comes just days after President Donald Trump said Apple CEO Tim Cook promised him that the tech giant’s manufacturing would shift from Mexico to the U.S. Trump noted the company was doing so to avoid paying tariffs. That pledge, coupled with Monday's investment commitment, came as Trump continues to threaten to impose tariffs that could drive up the cost of iPhones made in China.
