Unlock the Editorโs Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Apple said it planned to hire an additional 20,000 staff in the US over the next four years as chief executive Tim Cook set out a $500bn American investment plan, making him the latest business leader to court President Donald Trump with eye-catching announcements.
The $500bn figure, spread over Trumpโs second term in office, includes regular spending on thousands of US suppliers, data centres and corporate facilities, as well as new initiatives such as an academy in Michigan โto train the next generation of US manufacturersโ.
Apple will also open a manufacturing facility in Houston to build servers that can support its artificial intelligence ambitions.
The iPhone makerโs announcement on Monday echoes its 2018 pledge to make a $350bn โdirect contributionโ to the US economy, shortly after Trump was last elected.
This is a developing story
