Apple said on Monday that it will “invest” 500 billion dollars in the US economy, a move that comes as the tech giant led by Tim Cook seeks to avoid the impact of President Donald Trump’s tariffs.
With this, we can see how companies are the driving force behind the growth and development of any economy. From small and medium-sized enterprises (SMEs) to large corporations, each plays an essential role in job creation, innovation, investment, and tax collection—fundamental pillars for a country’s progress.
According to data from the National Institute of Statistics and Geography (INEGI), in Mexico, SMEs represent 99.8 percent of economic units and generate 72 percent of formal jobs. This direct impact on employment not only provides income to millions of families but also strengthens the domestic market and promotes consumption.
Apple promises 500 billion dollars for the U.S.
The Cupertino, California-based company said the plan extends over the next four years and marks its “largest spending commitment to date.”
In a statement, the company announced it will hire 20,000 new employees and build a new manufacturing plant in Houston that will construct AI servers to power AI features on devices like the iPhone.
“We are optimistic about the future of American innovation and are proud to leverage our long-standing U.S. investments,” Cook said in a statement.
In addition to the Houston facilities, Apple said it would build an academy in Detroit “to train the next generation of American manufacturers,” boost investments in U.S.-based research and development projects, and double its “advanced manufacturing fund” to 10 billion dollars.
It was also announced that the company will expand data center capacity in North Carolina, Iowa, Oregon, Arizona, and Nevada.
Trump has suggested that Apple is seeking some kind of exemption from his tariff plans. After a meeting with Cook at the White House last week, the president said that the Apple CEO had “stopped two plants in Mexico” and shifted their plans to U.S.-based facilities because “they don’t want to be on the tariffs.”
Trump recently imposed an additional 10 percent tariff on all products imported from China, where Apple manufactures most of its iPhones and other products. The president has also hinted at the possibility of imposing a 25 percent tariff “and more” on computer chips used in smartphones, laptops, and more.
Apple did not say how much of the 500 billion dollar figure it had already planned to spend. In 2021, the company announced it would spend 430 billion dollars in the U.S. over half a decade. It made a similar announcement in 2018 during Trump’s first term.
In conclusion, companies not only generate wealth but also promote the comprehensive development of a country. Their active participation in the economy strengthens financial stability, drives innovation, and improves the population’s quality of life, making the design of public policies that enhance their growth and sustainability indispensable.
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