The news: Amid President Donald Trump’s tariffs on imported goods, Apple committed to spending more than $500 billion over the next four years in areas such as chip manufacturing and AI server production.

• The company will hire 20,000 new workers for the initiative, the bulk of whom will be focused on R&D, AI, machine learning, and silicon engineering.
• The planned expansions will be in Arizona, California, Iowa, Michigan, Nevada, North Carolina, Oregon, Texas, and Washington.