The Houston facility will be developed with Foxconn, which recently acquired land to boost AI server production in the area. This project is expected to bring $225 million in capital investment. Houston is a significant manufacturing hub, with over 7,000 manufacturers and an annual production worth more than $75.1 billion. The city's industrial pipeline is the third largest in the U.S., with a vacancy rate of 7.2 percent as of December, below the national average.
Key takeaways:
- Apple is developing a 250,000-square-foot AI server manufacturing facility in Houston, expected to open in 2026 as part of a $500 billion investment in the U.S.
- The investment plan includes hiring around 20,000 new employees across sectors like R&D, software development, AI, and machine learning.
- Apple plans to expand its U.S. Advanced Manufacturing Fund to $10 billion and increase its data center capacity in several states.
- Foxconn, a long-time partner of Apple, is involved in the Houston project, which is expected to bring $225 million in capital investment.