Apple Inc (AAPL) Increases its Total Investment to $600 billion to Expand its Manufacturing in the United States

Apple Inc. (NASDAQ:AAPL) is one of the Good Stocks to Invest in Now. On August 8, Apple Inc. (NASDAQ:AAPL) announced a new major $100 billion investment in the United States, bringing its total investment commitment to $600 billion over the next four years. This investment is meant to expand the company’s supply chain and advanced manufacturing operations across the country.

Under this investment program, Apple Inc. (NASDAQ:AAPL) is partnering with over 10 key companies, including Corning, Samsung, Texas Instruments, and GlobalWafers America. Its partnership with Corning in Kentucky holds significance as the facility will produce iPhone and Apple Watch cover glass there.

Moreover, Apple Inc. (NASDAQ:AAPL) is also building a complete silicon supply chain in the United States, which is expected to produce over 19 billion chips in 2025. Management noted that this investment is expected to create 20,000 new job opportunities, mostly in research and development, software, AI, and engineering industries.

Apple Inc. (NASDAQ:AAPL) is an international technology company that produces a wide range of products, including iPhones, Macs, iPads, and wearable devices. It also develops software platforms like iOS and macOS.

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Disclosure: None. This article is originally published at Insider Monkey.