Trump attracts investment, global tech giants invest over $1 trillion in the United States.

date
26/02/2025
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GMT Eight
On Monday, Apple became the latest company to promise to invest billions of dollars in the United States, with President Trump claiming credit for these investments. The company stated that it will invest $500 billion domestically over the next four years, produce artificial intelligence servers in the US, and hire 20,000 new employees. Approximately an hour after the announcement, Trump praised the investment on social media, stating that Apple is investing in the US because they have confidence in "what we are doing". However, Apple did not directly attribute its investment to the Trump administration. The plan itself is not far off from what Apple had previously announced in terms of expenditures. While it promises to create thousands of similar job positions, it is not significantly higher than the company's historical hiring rate. Regardless of whether the plan is new or not, corporate commitments have become a tradition since Trump took office. Eight years ago, at the beginning of Trump's first term, Japanese investment giant SoftBank Group made a stunning commitment to invest $50 billion in the US and create 50,000 jobs. (It is not clear if SoftBank's spending has created that many job opportunities.) Foxconn and Intel are among the other companies that have presented spending plans to Trump, although some of these plans were apparently in the works before he took office. Here are the major technology investments announced since Trump returned to office for the second time: Apple Apple announced plans to invest $500 billion domestically in the US over the next four years, aiming to create 20,000 jobs, with a focus on Houston and Detroit. Their capital expenditures for this year are estimated at $10.8 billion. By 2024, their operating expenses will total 57.5 billion. On Monday, Apple announced what they called their largest investment commitment in the US to date. The tech giant plans to hire 20,000 new employees over the next four years, produce artificial intelligence servers in the US, and invest a total of $500 billion domestically. The investment will include opening a new server manufacturing plant in Houston, establishing a supplier academy in Michigan, and additional spending on existing suppliers in the US. After a meeting between Trump and Apple CEO Tim Cook a few days earlier, Trump announced this news, and then stated that Cook plans to invest "billions of dollars". Interstellar Gateway Funded by SoftBank, the Interstellar Gateway project's funding is expected to reach $500 billion, with its main target locations in Texas. Interstellar Gateway is a newly formed joint venture, but OpenAI has been proposing plans to the Biden administration for months to build large data centers in the US. On January 21, the second day of Trump's inauguration, developers of ChatGPT OpenAI, SoftBank, and software giant Oracle announced the establishment of a joint venture to develop artificial intelligence infrastructure across the US. These companies stated that they plan to invest up to $500 billion over the next four years, but the initial focus is a $100 billion deployment, with estimates that these projects will create "hundreds of thousands of American job opportunities". The first project of the Interstellar Gateway is a data center complex in Abilene, Texas, spanning approximately 875 acres and eventually being used to power artificial intelligence systems. The joint venture promotes this project as a means to support "American reindustrialization" and protect "the national security of the US and its allies". OpenAI CEO Sam Altman has been advocating for large-scale artificial intelligence infrastructure construction to the Biden administration. SoftBank SoftBank plans to invest $100 billion in the US through the Interstellar Gateway project, aiming to create 100,000 jobs. For months, SoftBank has been developing plans to further invest in artificial intelligence semiconductor, data centers, and Siasun Robot&Automation. Its Vision Fund invested $500 million in leading AI startup OpenAI and launched a $1.5 billion bid last year to purchase more shares from OpenAI employees. In December last year, Trump announced during an event with SoftBank CEO Masayoshi Son that SoftBank plans to invest $100 billion in the US over the next four years. According to sources, this plan includes a commitment to create 100,000 jobs focused on artificial intelligence and related infrastructure, including investments in data centers, semiconductors, and energy. The statement immediately raised a question of where the company would get the funds for the latest commitment. During Trump's previous term, Son raised a $100 billion Vision Fund from external investors and invested in startups such as WeWork, Uber, and DoorDash Inc. SoftBank currently does not have enough cash to fulfill Son's commitment. Meta Meta announced plans to invest $65 billion in Louisiana. On January 24, Meta CEO Mark Zuckerberg announced on Facebook that the company plans to invest up to $65 billion by 2025 in AI-related projects, including building a data center large enough to cover most of Manhattan. Zuckerberg stated that Meta plans to have around 1 terawatt of computing capacity online by 2025, with over 1.3 million graphic processing units by the end of this year, crucial for running artificial intelligence systems. He also mentioned that the company will "significantly" expand its AI team, without specifying how many job positions will be created. Meta's capital expenditures for this year are expected to reach nearly $60 billion. The company's operating expenses last year exceeded $64 billion. Meta has already invested heavily in AI. Less than three months ago, Zuckerberg warned investors that Meta plans to "significantly accelerate" capital expenditures by 2025, focusing on artificial intelligence and the virtual world. The company announced a $10 billion investment in a data center in Louisiana. Microsoft Microsoft reiterated its plans to invest over $40 billion in US data centers, with key locations in states such as Texas and Arizona; it is estimated that artificial intelligence will help create the next "billion artificial intelligence job positions"."Bonjour, comment tu vas ?" "Hello, how are you?"Microsoft has not yet given Trump a statement that he can be proud of, but Brad Smith, the company's president, did write a blog post in January welcoming Trump to the White House and listing the company's planned investments. The plans mentioned include: Microsoft plans to invest around $80 billion to establish data centers for training artificial intelligence models, deploying AI and cloud-based applications, with over half of the investment in the United States. Last year, the company announced plans to invest over $35 billion in 14 countries over three years to establish "secure" AI and data center infrastructure. The company previously revealed plans to build data centers in states like Arizona and Texas. It also partnered with BlackRock and the UAE's MGX investment company to create an international investment fund, adding up to an additional $100 billion in funding for AI infrastructure and AI supply chains. Damac Dubai real estate and investment development company Damac announced investments of at least $20 billion, mainly in locations in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Damac has been laying the groundwork for a larger-scale entry into the data center business. Edgnex Data Center, a subsidiary of this Dubai-based corporate group, plans to invest $3 billion in Southeast Asian data centers in the next three to five years. Since Trump's first election in 2016, Damac Group head Hussain Sajwani has wanted the world to know that he is an assistant to the US president in the Middle East. In January of this year, the real estate billionaire once again became the focus of public attention, standing alongside Trump and promising to invest at least $20 billion to build new data centers from Arizona to Ohio. According to the Bloomberg Billionaires Index, Sajwani's net worth has soared to around $13 billion in recent years. It is still unclear how Sajwani will fund this venture. Sajwani stated in an interview that Damac's balance sheet would allow it to provide approximately 30% of the funds. Much of Sajwani's investment may heavily rely on banks and other financial institutions. Trump stated that Damac's planned first phase will cover Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana. Damac stated that this investment is expected to create "thousands of jobs" in the data center locations. Amazon Amazon announced plans to invest $11 billion in Georgia and create at least 550 jobs. Even before Trump's election, Amazon had plans to spend billions of dollars building new data centers. The company is expected to cut nearly $100 billion in capital expenditures this year, with operating expenses of $243 billion last year. In January of this year, Amazon's AWS cloud division pledged to invest around $11 billion in Georgia to expand infrastructure to support AI and cloud technology. According to the company's press release, this investment is expected to create at least 550 new high-skilled jobs. Russell Crumbley, chairman of the Butts County Commission, stated in a declaration that as part of the investment plan, the company will establish a new data center in Butts County. Anduril Anduril announced an investment of nearly $1 billion in Ohio, expected to create 4,000 direct jobs and 8,500 operational jobs. Anduril had already stated back in August 2024 that it planned to invest hundreds of millions of dollars in constructing new facilities. Defense technology startup Anduril Industries Inc. announced in January of this year that it has chosen Ohio as the site for a massive new manufacturing plant that will produce tens of thousands of autonomous systems and weapons each year. Co-founder Palmer Luckey had previously stated that he expected this California-based weapon technology startup to thrive under the Trump administration. Anduril aims to receive final approval in the coming weeks, begin modernizing existing facilities, and start weapon production in July 2026. Anduril expects to invest nearly $1 billion in the new factory, stating that this will directly create 4,000 jobs and create 8,500 jobs for operational maintenance. Even before Trump's election, this startup was already planning new facilities. After raising $1.5 billion in a new financing round in August 2024, the company announced plans to invest hundreds of millions of dollars in the new site.

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