Stocks
Apple Puts $60 Billion on the Line with Texas Manufacturing Bet
Apple is doubling down on its domestic supply chain investment with a $60 billion bet in Texas, part of a broader $600 billion U.S. manufacturing commitment over four years.
The company will manufacture the Mac mini and advanced AI servers at a new facility in Houston, aiming to reduce tariff-driven cost shocks and protect earnings.
Under CEO Tim Cook's leadership, Apple has delivered an impressive 2,000%-plus return since 2011. Cook is handing off the reins to John Ternus on September 1, who will inherit a more resilient U.S. supply chain.