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Trump wrong that Apple builds new plants in the United States



US President Donald Trump has once again mistakenly claimed that Cupertino-based tech giant Apple plans to build new factories in the country.

During a speech in the White House on Friday focusing on US state economy, Trump said: "Apple alone brings in $ 230 billion and they build new plants, they build a fantastic campus, they're going to spend their money very wise, but they use it in our country, not in any other country. "

"It was made possible by the new tax cuts and reform plan," he added.

Trump said in January 2017 that he spoke to Apple's CEO Tim Cook over the phone and promised to build "three big plants" in the United States. But Cook never responded directly to that requirement.

What Apple actually announced in January was to contribute $ 350 billion to the US economy over the next five years, which includes an estimated $ 55 billion investment in 201

8.

"The company plans to establish an Apple campus on a new site, which will initially provide technical support to customers. The location of this new facility will be announced later this year, "said Apple.

Investments will concentrate on three areas where Apple has had the biggest impact on job placement: Direct Appointment from Apple, Expenses and Investments with Apple's Domestic Suppliers and Manufacturers, and Fuel for the fast-growing Apple app created by the iPhone and App Store.

Apple, already the largest US taxpayer, expected repatriation tax payments of approximately $ 38 billion required of recent changes in the Tax Act.

As part of the total investment, Apple will spend An estimated $ 55 billion with US suppliers and manufacturers in 2018.

Apple expects to invest over USD 30 billion in US investment over the next five years and create over 20,000 new jobs through hiring at existing universities and opening a new one. Apple already has 84,000 employees in all 50 states.

Over $ 10 billion of Apple's expanded investment will be investments in data centers across the United States.

"As it turned out, Trump apparently referred to the unique facility built by Foxconn in Wisconsin, which started building last year. The plant will make large LCD panels, nothing for Apple," reported 9to5mac.com.

– IANS

na / mag /

(This story has not been edited by Business Standard employees and is automatically generated from a syndicated feed.)


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