Key Points
Apple (NASDAQ: AAPL) shares increased over 2% on Tuesday as the company announced plans to expand its manufacturing operations in the U.S., particularly by producing Mac minis at a larger facility in Houston, Texas, later this year.
This initiative is part of a broader commitment to invest $600 billion in Apple’s U.S. supply chain, which includes sourcing over 20 billion U.S.-made chips from partners such as Broadcom and Texas Instruments. Apple is also set to acquire more than 100 million advanced chips from Taiwan Semiconductor Manufacturing’s plant in Arizona.
CEO Tim Cook emphasized the company’s dedication to American manufacturing, stating that they have commenced early shipments of advanced AI servers from the Houston facility. These moves are aimed at diversifying Apple’s supply chain to mitigate risks from geopolitical tensions, particularly regarding Taiwan’s chip exports.
