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Apple to Invest $500 Billion in the U.S. But How Much Is New?
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Apple has outlined plans to spend half a trillion dollars to boost its manufacturing capacity in the U.S., just days after CEO Tim Cook met with President Donald Trump. Its plans include building a factory in Houston to support its Apple Intelligence artificial-intelligence system and opening a manufacturing academy in Detroit. Apple already employs 2.9 million Americans, so an additional 20,000 workers would mean a 0.7% rise in Apple’s U.S. employment.
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