Apple To Invest $100 Billion In US Manufacturing Over Next Four Years, Says Tim Cook

News18

12 hours ago

Apple has been under increasing scrutiny from the Trump administration in recent months.
Apple CEO Tim Cook has announced a major investment of $100 billion over the next four years to bolster US manufacturing, during a meeting with President Donald Trump at the White House on Wednesday, according to the Associated Press. The move comes amid growing pressure on Apple from the Trump administration to shift its production base from overseas to the US.
Welcoming the announcement, President Trump praised Apple's commitment to bringing jobs and production back to American soil. 'This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America," Trump said, adding, 'This is the largest investment Apple has ever made in America and anywhere else. As you know, Apple has been an investor in other countries a little bit, I won't say which ones, but a couple, and they're coming home."
During the meeting, Cook also presented President Trump with a symbolic gift, an inscribed piece of Apple-produced glass made in Kentucky, mounted on a 24k gold base manufactured in Utah. The gift was intended to mark Apple's renewed focus on domestic production under its 'American Manufacturing Program."
In a statement announcing the investment, Cook said, 'This includes new and expanded work with 10 companies across America. They produce components—semiconductor chips included—that are used in Apple products sold all over the world, and we're grateful to the President for his support."
Some of Apple's new and existing US manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments, and Broadcom. As part of this initiative, Apple plans to produce glass for iPhones and Apple Watches at Corning's Kentucky facility. The company also announced a $2.5 billion investment to expand its partnership with Corning.
Apple has been under increasing scrutiny from the Trump administration in recent months for moving iPhone production to India, a move perceived as an attempt to avoid tariffs on China-based imports. Initially, Apple had planned to invest $500 billion in the US, but the total now rises to $600 billion following this latest commitment.
Just weeks earlier, Apple signed a $500 million agreement with MP Materials, the only rare earth materials producer in the US, to expand a Texas facility that will use recycled materials to produce magnets essential for iPhone vibration systems.
In return for its renewed manufacturing efforts announced on Wednesday, Apple received a key exemption from President Trump's proposed 100% tariffs on imported semiconductors and chips, giving the tech giant a competitive edge over foreign-based rivals.
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