Apple CEO Tim Cook announced a $500 billion investment in the U.S. over the next four years and plans to open a major facility in the Houston area.

The company pledged the multibillion-dollar investment over the next four years and said it would create 20,000 jobs. The Texas facility is set to open in 2026.

The announcement comes as the tech giant is slated to spend more than $500 billion in the United States over the next four years and bolster "Apple Intelligence," an in-house artificial intelligence system.