While I am very happy Apple is showing willingness to on shore manufacturing again (was the Mac Pro the last attempt?), 20,000 jobs for a $500 BILLION investment seems a poor value proposition. That’s $25 MILLION for each job added.
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Apple Announces $500B US Investment Plan, Adding 20K Jobs
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Yes. We’re going to need software engineers no matter what the usage. Software engineering is now where it’s at. AI won’t become the next software engineer.
And to keep this in topic investment in the US is the start of a nice trend.
This is more likely a play to give the President something to “announce” in exchange for tariff exemptions. Just like last time with the bogus Mac Pro factory tour where they announced a “new” factory that had already been operational for years.
You need to be looking at where schools are today. Ohio is proposing a $300 million cut to public education. The cuts are even larger in Texas and Arizona. A Mac lab proposal I was working on got cut. -80 iMacs. This for a top school district in Ohio. Rural ones underperforming are facing even more drastic cuts, like… no more math tutors. Goodbye bussing kids, hope the parents have jobs where they can drive them.
This is happening all over the country. We don’t prioritize education because our politicians prefer a dumber population.
Software engineering is seen like calculus, “optional” and for the smartest. Somewhat paradoxically there has been less programming courses available in public schools since 2000, not more.
You need to get boots on the ground and actually attend school board meetings to see how many holes we’re bleeding from. I know you’ve got a rose tinted glasses idea of what you’d like US education to be, but it’s drifting away from that presently.
In the meantime, we graduate uncurious rubes who barely got through basic math, can’t read at a 6th grade level and certainly don’t go on to college… and China and India spit out engineers.
The cost isn't just about the 20,000 jobs as it also creates long-term valuable assets (facility, equipment, etc.) in the U.S. (reduces reliance on foreign countries) for Apple to manufacturer products and profit from the manufacture of the products. Those jobs can also have job/economic multiplier effects and potentially create many more jobs for other businesses, economic growth in the region, tax revenues, etc.
Great! The corporate climate in the US has gotten steadily worse over the last several decades. We need to make it attractive to make things in the US again.
You’re not wrong. Education is being pared down. Down to education tax credits on the chopping block. Your road to an education is made much harder for families.
This is the haves vs the have nots. Anything else is noise designed to get you focused on other things. Be mad at immigrants. Be mad at dei. Anyone but the rich who want to stay that way and are licking their chops smiling at you as you cheer them on.
Yet curiously there's no commitment to even building any of that locally.
Why? Because it's smoke and mirrors. Good, useful PR that gets the heat off Apple's back until they can wait out the administration.Trump thinks he's a good politician, but Tim Cook is a good politician. 'Ole Cook has been through many presidents, and played Trump like a fiddle last time, he's just doing it again.
I bet Democrats are losing their minds about Apple investing $500 billion in the United States of America. I can already see them boycotting and getting rid of their iPhones. 🤣🤣🤣
Congrats, Apple!
Congrats, Apple!
For context, Apple spent almost $700 billion on stock buybacks in the last 10 years.
IMO, this is a rerun of the corporate happy talk prior to the $2 trillion tax cut in 2017. The current GOP plan is to renew the old cuts and then add an even larger layer of new tax cuts on top of it. So they'll have some corporate CEOs trotting out to praise the cuts and claiming that they want to use it for infrastructure/hiring etc. But the price will be an even larger national debt explosion and the average American getting a swift kick in the gut from all of the cuts to government services/benefits.
Also for context, that $2 trillion cut resulted in a .1% increase in GDP growth average during Trump's 1st term. Cutting taxes for corporations/wealthy is a lousy way to stimulate growth.
IMO, this is a rerun of the corporate happy talk prior to the $2 trillion tax cut in 2017. The current GOP plan is to renew the old cuts and then add an even larger layer of new tax cuts on top of it. So they'll have some corporate CEOs trotting out to praise the cuts and claiming that they want to use it for infrastructure/hiring etc. But the price will be an even larger national debt explosion and the average American getting a swift kick in the gut from all of the cuts to government services/benefits.
Also for context, that $2 trillion cut resulted in a .1% increase in GDP growth average during Trump's 1st term. Cutting taxes for corporations/wealthy is a lousy way to stimulate growth.
ASML High-NA Twinscan EXE lithography machines have a cost of approximately $380 million. I am uncertain about the number of machines required (approximately 5-6). Additionally, I would like to know the typical workflow for this type of plant.
www.tomshardware.com
ASML's High-NA chipmaking tool will cost $380 million — the company already has orders for '10 to 20' machines and is ramping up production
ASML turns up the production dial.
For someone living in the United Kingdom, it pains to see this and I really hope this wakes up the UK. Trump on this thing alone has got $500 billion from OpenAI/Cisco/Softbank and now $500 billion from Apple thats $1 trillion dollar into the US investment.
Please tell I am not wrong here? Im not talking about Trump himself weather you think his a good president or not, simply about this investment
Please tell I am not wrong here? Im not talking about Trump himself weather you think his a good president or not, simply about this investment
While it's good news for the USA, it's extremely ironic given how Apple loves to virtue signal on its climate initiatives. The amount of fossil fuel needed to do AI is insane!
The problem is that the investment is predicated on GOP/Trump promising gigantic tax cuts for corporations. Tax cuts are a very inefficient way to stimulate the economy. Example: GOP/Trump delivered a $2 trillion tax cut in 2017 and the net result was 2.6% GDP growth average over Trump's first term, which was barely better than the 2.5% from Obama's 2nd term (which had no new stimulus at all).
Apple has made pretty sizable investments in the UK, that actually got built. The Battersea power station corporate office is massive.
The thing about US politics is... this is all performative. Like storefronts on a studio backlot. Looks pretty, but tips over in a breeze. We won't see anything really come from this. Politicians don't direct large companies here, large companies temporarily appease politicians... and then change their plans as they desire. There's no real accountability. All smoke and mirrors. If Apple backtracks on this promise 3 years from now as Trump is in a lame duck condition... nobody is gonna sue them.
It’s 500 billies spent over a very long time and most of that goes into many costs such as infrastructure, energy, land, etc.
Don’t read too much into what financial media says. Those writers are idiots. They were dropped on their head by their ivory school parents. When they aren’t wrong they just outright tell lies to move stock markets. They manipulate markets, they profit from wars, they promote wars, they fund fascists, they make life more painful for anyone who doesn’t have a million dollars, etc.
If your measure of competency is whether or not someone used "which" or "witch" in a tweet, how did you survive the last 4 years when we had a president that; couldn't walk up a flight of stairs, come to a stop on a bicycle, was able to finally beat Medicare, often forgot whoever it was who he was honoring, required the assistance of the Easter Bunny to save him from talking to the press corps, and on, and on. 😄
From the Verge
Sounds like they’re just doing what Mexico and Canada did to Trump
He’s so easy to play
The actually dangerous people are all the ones he has enabled around him
Sounds like they’re just doing what Mexico and Canada did to Trump
He’s so easy to play
The actually dangerous people are all the ones he has enabled around him
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Spelling errors and poor grammar in worldwide communication is utterly pathetic for the leader of the United States, and the world DOES pay attention to typos. It suggests he's a moron and isn't detail minded.
You'd feel pretty embarrassed if Tim allowed typos in the documentation that comes with a $2700 MacBook Pro, like it's some $29.95 Amazon import with spelling mistakes.
"Please to insert MagSafe cord cable into slot opening."
This reminds me of what Carrier did just before the first term, when they promised to keep jobs in Indiana and later moved production to Mexico anyway. NYT followed up with people who lost their jobs and felt betrayed but their voices were lost in the noise.
Exactly
Tim is smartly saying whatever it takes to get heat off Apple and some reprieve
It only has to last a few news cycles with Trump and his micro attention span
Announcing big domestic manufacturing plans are perfect.
It takes forever to even come to fruition, is jingoistic 🇺🇸 and tickles Dons little infrastructure nub
Ultimately, consumers will end up paying more. No one invests such a large sum of money without a plan to recoup it with a substantial profit. That’s a good thing, yes. However, we, as consumers, need to recognize that cheap prices in the short term can actually lead to higher costs in the long run.
Americans love working in factories for $10/hr… Or iPhone 19 starting at $4599. 😆
Most of the money will be spent on facilities. Many jobs will be temporary for construction. But it certainly sounds good to President Mush.
Most of the money will be spent on facilities. Many jobs will be temporary for construction. But it certainly sounds good to President Mush.
Lets say "China" (insert any non-US country) sells an item for $100 in the US. Okay, now we have tariffs and the item is now $120.
Even if the same "Made in the USA" item could sell in the US for $100 with profit, I guarantee you that the US made product will sell for $119.99.
I'm not saying that I am pro/anti tariffs. That's just capitalism.