10:40 AM EST, 02/24/2025 (MT Newswires) -- Apple ( AAPL ) said Monday that it plans to spend more than $500 billion in the US over the next four years, including for an artificial intelligence server factory in Texas.

Apple ( AAPL ) plans to open a 250,000-square-foot manufacturing plant in Houston in 2026 that will produce servers for its AI features, dubbed as Apple Intelligence. The facility is slated to create "thousands of jobs," according to the company.

With the planned $500 billion investment, the technology giant is aiming to support its AI infrastructure and data centers, as well as production for its Apple TV+ streaming service in 20 states. Shares of the company were up 0.9% in Monday's trading session.

The iPhone and Mac maker intends to continue expanding its data center capacity in North Carolina, Iowa, Oregon, Arizona and Nevada. As part of the investment, the company will double its advanced manufacturing fund in the country to $10 billion, with a multi-billion-dollar commitment to produce advanced silicon chips in Taiwan Semiconductor Manufacturing's ( TSM ) Arizona facility.

"We are bullish on the future of American innovation, and we're proud to build on our long-standing US investments with this $500 billion commitment to our country's future," Chief Executive Tim Cook said in a statement. "From doubling our advanced manufacturing fund, to building advanced technology in Texas, we're thrilled to expand our support for American manufacturing."

Apple ( AAPL ) plans to hire about 20,000 people in the next four years, with the majority of the positions to be focused on research and development, silicon engineering and AI and machine learning.

Wedbush Securities sees Apple's ( AAPL ) planned investment as "a strategic move" diversifying its manufacturing strategy in the US and worldwide, while "playing well into" President Donald Trump's domestic investment push.

"We do not view this as a signal that Apple ( AAPL ) is tweaking its China manufacturing buildout as these initiatives are not areas Cupertino focuses on for its China region," Wedbush analysts led by Daniel Ives wrote in a note, referring to Apple's ( AAPL ) headquarters in California.

The brokerage maintained its outperform rating on Apple's ( AAPL ) stock.

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