TIME100 Most Influential Companies 2023: Apple

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Why Apple is one of the 100 most influential companies of 2023

nder pressure to reduce its reliance on Chinese factories for economic and human-rights reasons, the $2.9 trillion company is pulling its supply chain closer to home in ways that could boost the U.S. economy.

In May, it announcedwith semiconductor producer Broadcom for radio-­frequency chips and other wireless components that will be made at facilities in Colorado and elsewhere domestically. It’s part of Apple’s plan to invest $430 billion in the U.S. over five years, likely with generous aid from the federal CHIPS Act.

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