Bank of America Securities WAMSI Mohan’s computer equipment analyst reiterates the purchase note on Apple and the price of $ 256 on “The Claman Countdown”.
Apple engages $ 500 billion in the American economy in a historic initiative, the company announced on Monday, marking “an extraordinary new chapter in the history of American innovation”.
Apple’s 11 -digit engagement will be deployed over the next five years. It will involve building an AI advanced server manufacturing plant near Houston, as well as to double the company’s advanced manufacturing fund from $ 5 billion to $ 10 billion.
The technology giant also plans to establish an apple manufacturing academy in Detroit, In addition to hiring 20,000 new employees who focus on research and development, silicon engineering, artificial intelligence and automatic learning.
“This new commitment is based on Apple’s long story Investing in American innovation and advanced high ban manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon engineering and skills development for students and workers across the country, “the company said in a statement.
Tim Cook said he was “optimistic” about America’s innovative potential in a declaration on Apple’s investment. (Istock / Getty images)
Apple also plans to extend teams and installations in many states, including Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina and Washington. In a press release, Apple CEO Tim Cook said his business was “optimistic about the future of American innovation”.
“We are proud to rely on our longtime American investments with this $ 500 billion commitment to the future of our country,” added its declaration. “To double our advanced manufacturing fund for the construction of advanced technologies in Texas, we are delighted to expand our support for American manufacturing.”
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Apple Inc. reports to the FIFTH avenue de la Company store in New York on Wednesday May 15, 2024. (Michael Nagle / Bloomberg / Getty Images)
“And we will continue to work with people and businesses across this country to help write an extraordinary new chapter in the history of American innovation.”
The announcement comes two days after the president Donald Trump Alluding to the plans of the technology giant, saying that the company planned to invest “hundreds of billions of dollars” in the United States.
Tim Cook, chief executive officer of Apple Inc., is expressed at the Apple Worldwide Developers conference at Apple Park Campus in Cupertino, California, on Monday, June 6, 2022. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
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“Yesterday, I had Tim Cook in Apple’s office. He invests hundreds of billions of dollars,” Trump said in a white house rally on Friday. “That’s what he told me. Now he has to do it.”
