Apple commits to $500bn US investment

Apple plans to invest more than $500bn (£396bn) in the US over the next four years, starting with a new advanced manufacturing factory in Texas.

The tech giant said it expected to create 20,000 new jobs over that time, with the "vast majority" of roles in research and development, software and artificial intelligence.

It is not clear to what extent the spending is an acceleration of the company's current activities. Apple said the sum included everything from spending on suppliers to Apple TV+ productions.

The announcement comes days after Apple boss Tim Cook met with President Donald Trump, who has made increased corporate investment in the US a priority.