Apple (AAPL) Opens New Manufacturing Facility in Houston

Apple CEO Tim Cook, accompanied by Commerce Secretary Howard Lutnick, opened a manufacturing facility in Houston, Texas. This facility will produce Mac Mini computers and AI servers later this year. Apple has invested hundreds of millions of dollars in this facility, and last year sourced over 20 billion chips from the U.S. Additionally, Cook will transition to the role of executive chairman on September 1, with John Ternus becoming the new CEO. This development highlights Apple's ongoing commitment to U.S. manufacturing, which may impact its operations and supply chain strategy.