Apple will 'spend and invest' $500billion in America, hiring 20,000 new workers into research and development roles over the next four years as part of its 'largest-ever spend commitment', the company revealed today.

The Silicon Valley tech giant pledged to 'build on Apple's long history of investing in American innovation and advanced high-skilled manufacturing' after President Donald Trump pushed companies to shift their manufacturing back home.

Apple said the investment would help support 'a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country'. 

The announcement comes after CEO Tim Cook met Donald Trump last week amid fears that many of Apple's products that are assembled in China could face 10% tariffs impose by the president last month. 

Cook said: 'We are bullish on the future of American innovation, and we're proud to build on our long-standing U.S. investments with this $500 billion commitment to our country's future.'

'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.'

Soon after the announcement Trump took to Truth Social to thank Cook for 'having faith in what we're doing'.

The move comes after Cook met with Trump last week. Many of Apple's products assembled in China could face 10% tariffs imposed by Trump, though the iPhone maker did secure some waivers during the first administration.

The company made a similar announcement during the first Trump administration, planning to spend $350b over five years. 

The company said there would be 24 factories producing silicon for Apple products in the U.S. as part of its growing domestic investment commitment.

The plans include a new factory to be built in Texas, away from the company's Silicon Valley headquarters in California. Hundreds of companies have made the move in recent years.

Apple's commitment is to include the company's work with thousands of suppliers across all 50 states, as well as direct employment of staff, Apple Intelligence infrastructure and data centers, corporate facilities and Apple TV+ productions in 20 states.