Apple makes big move with latest U.S. investment

On Monday, Apple’s CEO Tim Cook announced that the technology company that makes the popular iPhone has signed a multibillion-dollar deal with the U.S.-based company Broadcom to manufacture microchips domestically.

“Under the deal, Broadcom, a technology and advanced manufacturing company, will develop 5G radio frequency components and wireless connectivity components, Apple said,” according to reports.

Apple Store – Marina Bay Sands. Keming Tan via Unsplash.

Some of those components, including FBAR filters, will be “designed and built in several key American manufacturing and technology hubs,” including Fort Collins, Colorado, Apple said.

“All of Apple’s products depend on technology engineered and built here in the United States, and we’ll continue to deepen our investments in the U.S. economy because we have an unshakable belief in America’s future,” said Cook.

Apple CEO Tim Cook at Apple Park in 2021 via Wikimedia Commons.

Fox Business noted, “The company has already spent billions of dollars to develop the field of 5G technology in the U.S. It’s part of Apple’s commitment, announced in 2021, to invest $430 billion in the U.S. economy over five years.”

Apple said the partnership will allow the company to “to continue to invest in critical automation projects and upskilling with technicians and engineers.”

The company said it is “on pace” to meet its goal of spending $430 billion in the United States with investments in American suppliers, data center investments, and capital expenditures.

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