Apple's Billion-Dollar Commitment: A Boost for U.S. Investment

Apple Inc is on the brink of a significant investment announcement, according to White House economic adviser Kevin Hassett. In a discussion on Fox Business Network, Hassett highlighted the slew of financial commitments spurred by President Donald Trump, with Apple expected to unveil its plans soon.

'They're moving here in droves,' Hassett remarked, emphasizing the 'trillions and trillions of dollars' earmarked for new U.S.-based factories. Speculation is rife about Apple's potential announcement, though specifics remain elusive. The White House and Apple representatives have yet to provide further commentary.

In February, Apple outlined a $500 billion investment strategy over four years, envisioning a major factory in Texas dedicated to artificial intelligence servers and generating approximately 20,000 research and development jobs nationwide. These funds also encompass dealings with U.S. suppliers and content production for Apple TV+.

(With inputs from agencies.)