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Tag: Apple

These companies have announced their intention to increase US manufacturing
Approved, Fox Business, National

These companies have announced their intention to increase US manufacturing

By Aislinn Murphy  | Fox Business The announcements, which have come from sectors such as tech, pharmaceuticals and automobiles, came amid President Donald Trump seeking to increase domestic manufacturing through tariffs and other measures. Here are some of the companies that have made such announcements. Taiwan Semiconductor Manufacturing Company (TSMC) In early March, TSMC revealed it was putting $100 billion more toward advanced semiconductor manufacturing in the U.S.  The increased investment "includes plans for three new fabrication plants, two advanced packaging facilities and a major R&D team center," the Taiwan-based company said. READ THE FULL STORY AT FOX BUSINESS
Apple unveils historic $500B investment in US manufacturing, innovation
Approved, Fox Business, National

Apple unveils historic $500B investment in US manufacturing, innovation

By. Andrea Margolis , Susan Li  | Fox Business Apple is committing $500 billion to the U.S. economy in a historic initiative, the company announced on Monday, marking "an extraordinary new chapter in the history of American innovation." Apple's 11-figure commitment will roll out over the next five years. It will involve building an advanced AI server manufacturing factory near Houston, as well as doubling the company's Advanced Manufacturing Fund from $5 billion to $10 billion. The tech giant also plans to establish an Apple Manufacturing Academy in Detroit, as well as hire 20,000 new employees with focuses on research and development, silicon engineering, artificial intelligence and machine learning. READ THE FULL STORY AT FOX BUSINESS