Apple is going to build a new factory in Arizona that will employee 1,000 people and spend $1 billion

A statement was released by The White House announcing that Apple is going to build a new factory in Phoenix, Arizona. This factory will employee up to 1,000 people, and the company is going to spend over $1 billion on it. This is going to be over 2 million square feet, making it one of the biggest in the world: SENATE MAJORITY LEADER CHUCK SCHUMER (D-NY), HOUSE SPEAKER KEVIN MCCARTHY (R-CA), AND PRESIDENT BIDEN ANNOUNCE APPLE WILL INVEST $1 BILLION TO EXPAND MANUFACTURING IN ARIZONA Today, Senate Majority Leader Chuck Schumer (D-NY), House Speaker Kevin McCarthy (R-CA), CEO Tim Cook of Apple, and President Joe Biden hosted a roundtable at the White House to discuss efforts to strengthen U.S. supply chains and create good-paying jobs. The meeting was a follow-up to President Biden’s discussion with CEOs last month to discuss public and private sector actions to address supply chain challenges and better prepare the U.S. economy for the future. SENATE MAJORITY LEADER CHUCK SCHUMER (D-NY), HOUSE SPEAKER KEVIN MCCARTHY (R-CA), AND PRESIDENT BIDEN ANNOUNCE APPLE WILL INVEST $1 BILLION TO EXPAND MANUFACTURING IN ARIZONA Today, Senate Majority Leader Chuck Schumer (D-NY), House Speaker Kevin McCarthy (R-CA), CEO Tim Cook of Apple, and President Joe Biden hosted a roundtable at the White House to discuss efforts to strengthen U.S. supply chains and create good-paying jobs. The meeting was a follow-up to President Biden’s discussion with CEOs last month to discuss public and private sector actions to address supply chain challenges and better prepare the U.S. economy for the future. “Last month, I met with CEOs to talk about how we can work together to fix supply chains, to create high paying jobs, and to grow the economy at home. Today, two of them are sitting down with me to take part in that effort,” said President Biden. “The CHIPS and Science Act is going to create hundreds of thousands of manufacturing jobs. But we need to keep moving at the speed of business to make sure we deliver for the American people. Today’s announcement is a major step towards that goal.” Senate Majority Leader Schumer added, “The CHIPS and Science Act is a giant success story. Working very closely with Speaker McCarthy and President Biden, we got the bill across the finish line, and we are already seeing the historic benefits of this law: creating good-paying jobs, securing our supply chains, bringing work and investment back to the U.S., and making sure we outcompete China at every turn.” House Speaker Kevin McCarthy (R-CA) said, “The CHIPS and Science Act is a prime example of what we can achieve when we work together across parties and branches of government. Today, Apple is proud to announce a commitment of over $1 billion to build a state-of-the-art manufacturing facility, TSMC Fab North, in Phoenix, Arizona. The partnership stands as a testament to what we can achieve when we work together to strengthen American manufacturing and drive economic growth.” Finally, “These investments demonstrate the power of American innovation, and set the stage for a long-term commitment to manufacturing in the U.S. and our role in the global economy. From connected devices, advanced technologies and critical infrastructure, we are energized to build on the progress we’ve made so far with policymakers, educators, and business leaders to create a vibrant U.S. ecosystem and continue to strengthen the country’s position as a global leader in technology and innovation,” said CEO Tim Cook of Apple. Today, Apple announced they are investing over $1 billion to build a state-of-the-art manufacturing facility, TSMC Fab North, in Phoenix, Arizona. This facility – which will be one of the largest in the world – will create over 1,000 high-paying jobs and have a 2 million square foot footprint. This is the single largest investment in manufacturing in U.S. history. In response to the incentives created by the CHIPS and Science Act, Apple has committed to build this facility in the U.S. rather than overseas. This is a major expansion of Apple’s US manufacturing presence, and demonstrates the power of public-private partnership to grow the American economy. Speakers: President Joe Biden Senate Majority Leader Chuck Schumer (D-NY) House Speaker Kevin McCarthy (R-CA) CEO Tim Cook of Apple Attendees: Secretary Janet Yellen, Department of the Treasury Secretary Gina Raimondo, Department of Commerce Secretary Marty Walsh, Department of Labor Secretary Pete Buttigieg, Department of Transportation Director Lael Brainard, National Economic Council Director Julie Su, Federal Mediation and Conciliation Service Deputy Secretary Don Graves, Department of Commerce U.S. Trade Representative Katherine Tai Chair Lina Kahn, Federal Trade Commission Chair Gary Gensler, Securities and Exchange Commission Chair Philip Jefferson, Federal Reserve Chair Alan Davidson, National Telecommunications and Information Administration Ms. Liz Shuler, President, AFL-CIO CEO Mary Barra, General Motors CEO Jamie Dimon, JPMorgan Chase CEO Bob Chapek, The Walt Disney Company CEO Satya Nadella, Microsoft CEO Marc Benioff, Salesforce CEO Mary Dillon, Ulta Beauty VP Ken Washington, Ford Motor Company CFO Kathryn Mikells, Walmart CEO Stan Deal, Boeing CEO Corie Barry, Best Buy CEO Brian Cornell, Target CEO Doug McMillon, Walmart

Apple is going to build a new factory in Arizona that will employee 1,000 people and spend $1 billion

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