Apple plans $500 billion in US investment, 20,000 research jobs in next four years

Apple (AAPL.O), opens new tab said on Monday it would spend $500 billion in U.S. investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.

That $500 billion in expected spending includes everything from purchases from U.S. suppliers to U.S. filming of television shows and movies for its Apple TV+ service. The company declined to say how much of the figure it was already planning to spend with its U.S. supply base, which includes firms such as Corning (GLW.N), opens new tab that makes glass for iPhones in Kentucky.