Trump hinted at Apple’s plans by declaring that the company would invest “ hundreds of billions of dollars ” into the U.S. The President thanked Cook and Apple in a post on his Truth Social platform yesterday,

The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.

Apple boss Tim Cook has said his company may have to change its diversity practices as the US legal landscape shifts. His comments came just minutes after a majority of shareholders rejected a proposal calling on the tech giant to end its diversity policies, such as the use of race and sex in hiring decisions.

Investors are widely expected to reject the proposal, in line with the company’s recommendation, despite rising tensions around corporate diversity efforts.

They rebuffed an attempt to pressure the tech giant to join Trump's push to scrub programs that diversify the workforce.

The iPhone maker's announcement comes just days after the company’s CEO Tim Cook met with President Donald Trump amid concerns about the impact of tariffs.

Apple has said it plans to hire about 20,000 people over the next four years as part of a more than $500 billion US investment commitment. The "vast majority" of the new hires would focus on AI, silicon engineering,

Apple Inc., as it seeks relief from US President Donald Trump’s tariffs on goods imported from China, said that it will hire 20,000 new workers and produce AI servers in the US.