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: Apple's fiscal 3Q earnings top analyst forecasts

2 /5 (4 votes)
add to favorites email to friend print save as pdf

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

Apple's fiscal 3Q earnings top analyst forecasts

1 hour ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Verizon 2Q profit rises 93 percent

8 hours ago

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Ex-Qualcomm exec pleads guilty to insider trading

Jul 21, 2014

A former high-ranking executive of US computer chip giant Qualcomm pleaded guilty Monday to insider trading charges, including trades on a 2011 deal for Atheros Communications, officials said.

User comments : 0