Trump Repeats False Claim Of Apple Building New Plants in US
The US President Donald Trump has once over again incorrectly claimed that Cupertino-based tech giant Apple tree is planning to build new manufacturing plants in the country.
During a speech at the White House on Friday that focused on the state of U.s.a. economy, Trump said: "Apple lone is bringing in $230 billion and they're building new plants, they're edifice a magnificent campus, they're gonna be spending their coin very wisely, but they're spending it in our country, not in some other land".
"That was made possible past the new tax cut and reform plan," he added.
In January 2017, Trump said he spoke to Apple tree CEO Tim Melt over telephone and he promised to build "three big plants" in the U.s.. Just Cook never directly responded to that claim.
What Apple actually announced in January was to contribute $350 billion to the US economic system over the next v years that includes an estimated $55 billion investment in 2018.
"The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will exist announced after in the year," Apple said.
The investments will concentrate in three areas where Apple has had the greatest impact on chore creation: direct employment by Apple tree, spending and investment with Apple'southward domestic suppliers and manufacturers, and fuelling the fast-growing app economy which Apple tree created with iPhone and the App Store.
Apple, already the largest US taxpayer, anticipated repatriation tax payments of approximately $38 billion as required past recent changes to the tax law.
As role of the full investment, Apple tree will spend an estimated $55 billion with US suppliers and manufacturers in 2018.
Apple expects to invest over $30 billion in capital expenditures in the US over the next 5 years and create over 20,000 new jobs through hiring at existing campuses and opening a new i. Apple tree already employs 84,000 people in all fifty states.
Over $10 billion of Apple tree's expanded capital expenditures volition be investments in data centres across the United states of america.
"As it turned out, Trump was seemingly referring to the singular plant being built by Foxconn in Wisconsin, which started construction last month. The plant will make large LCD panels, non anything for Apple," reported 9to5Mac
Source: https://beebom.com/trump-wrongly-claims-apple-is-building-new-plants-in-us/
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