Apple CEO Tim Cook says a line of Macs will be built in Texas

May 24, 2013 by Salvadore Rodriguez

Apple Inc. Chief Executive Tim Cook disclosed during a Senate hearing this week that the tech giant will invest more than $100 million to build a factory in the Lone Star State, where it will assemble a line of Mac computers.

"The product will be assembled in Texas, include components made in Illinois and Florida, and rely on equipment produced in Kentucky and Michigan," Cook said during a Senate subcommittee hearing in which he was grilled for Apple's controversial tax practices.

Texas might make sense considering that Foxconn, one of Apple's top manufacturing partners, has a plant set up in the state.

Apple announced late last year that it would start building one line of its computers within the U.S. in 2013, but the company had not said where it would assemble the computers. It has yet to say when production would begin and what type of Macs will be "Made in the USA."

The move addresses increasing political pressure on companies to build more products in the U.S. and could help Apple win some points with .

Cook was at the Capitol on Tuesday testifying before Congress after the U.S. Senate's Permanent Subcommittee on Investigations reported that Apple uses offshore subsidiaries to avoid paying billions in taxes.

Explore further: Huawei reports 2014 profit up 33 percent

Related Stories

Apple's Cook to face Senate questions on taxes (Update)

May 21, 2013

A Senate panel says Apple Inc. is avoiding billions of dollars in U.S. taxes by shifting profits to foreign affiliates and is prepared to question the company's chief executive Tuesday about the "loopholes." ...

Apple, US lawmakers in offshore tax showdown

May 17, 2013

Apple and US lawmakers are gearing up for a showdown over taxes—specifically how to deal with the huge stockpile of cash held by Apple and other multinational firms offshore.

Apple's Cook faces Senate questions on taxes (Update)

May 21, 2013

The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid ...

Recommended for you

Huawei reports 2014 profit up 33 percent

3 hours ago

Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, said Tuesday its 2014 profit rose 33 percent, helped by strong sales of smartphones.

Tesla shares jump on Musk 'tease' in tweet

15 hours ago

Tesla Motors shares jumped Monday after co-founder Elon Musk tweeted that the company would unveil as "major" new product line next month, leaving analysts guessing.

Amazon unveils move in local services

21 hours ago

US online giant Amazon said Monday it was launching a services marketplace offering to connect consumers with businesses offering anything from home improvement to piano lessons.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.