Huawei Profit Dips as Consumer Sales Continue to Climb
Huawei’s net profit dropped in 2024 due to a one-off gain a year earlier.
Apple announced its largest-ever spending commitment. The company plans to spend and invest more than $500 billion in the US over the next four years.
“We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future,” said Tim Cook, Apple’s CEO. “From doubling our Advanced Manufacturing Fund to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”
As part of this package of US investments, Apple and its partners will open a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence. Apple will also double its US Advanced Manufacturing Fund, create an academy in Michigan to train the next generation of US manufacturers and grow its research and development investments in the US to support cutting-edge fields like silicon engineering.
The $500 billion commitment includes Apple’s work with thousands of suppliers across all 50 states, direct employment, Apple Intelligence infrastructure and data centers, corporate facilities, and Apple TV+ productions in 20 states. The company emphasized that it remains one of the largest US taxpayers, having paid more than $75 billion in taxes over the past five years, including $19 billion in 2024 alone.