Spending ranges from new AI server factory in Texas to film and TV content and may add 20,000 jobs

Apple announced Monday it would spend $500bn in US investments in the next four years that would include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country.

The move comes on the heels of reports that the Apple CEO, Tim Cook, met Donald Trump last week. Many of Apple’s products that are assembled in China could face 10% tariffs imposed by the US president earlier this month, though the iPhone maker had secured some waivers from China tariffs in the first Trump administration.