• Apple said Monday it plans to invest over $500 billion in US projects over the next four years.
• The package includes adding 20,000 US jobs, a manufacturing facility in Houston, and R&D spending.
• Apple CEO Tim Cook said the company is “bullish on the future of American innovation.”

Apple has said it plans to hire about 20,000 people over the next four years as part of a more than $500 billion US investment commitment.

The “vast majority” of the new hires would focus on AI, silicon engineering, R&D, and software development, the tech giant said Monday.

The package — which Apple said is its largest-ever spending commitment — also includes plans to open a new manufacturing facility in Houston and double its Advanced Manufacturing Fund from $5 billion to $10 billion.

Apple said it’s set to open the 250,000-square-foot advanced manufacturing facility in Houston next year to produce servers for Apple Intelligence, the company’s generative AI product.

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future,” said Tim Cook, the CEO of Apple, in a statement.

Apple’s plan to add 20,000 jobs comes at a time when many large tech companies have been reducing their workforces. While it made some layoffs last year, it has not made large-scale cuts similar to companies like Meta, which earlier this month began cutting 5% of its workforce — equivalent to about 3,600 roles.

This a developing story. Check back for updates.