Apple earnings after the bell: Here's what to expect
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Trump Says Apple Is 'Coming Home' With New Investment
President Donald Trump announces Apple's plan to invest another $100 billion on domestic manufacturing, the iPhone maker's latest move to avoid punishing tariffs. Apple CEO Tim Cook also speaks.
Yahoo
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Trump, Apple CEO announce $100B US manufacturing investment
President Trump and Apple (AAPL) CEO Tim Cook announced Apple's additional $100 billion commitment to manufacturing in the US. Watch the video above to hear Trump's and Cook's remarks from the White House on Wednesday. To watch more expert insights and analysis on the latest market action, check out more Yahoo Finance. 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, with the massive infusion of capital. It's announcing today, Apple will also build a 250,000 square foot server manufacturing facility in Houston and invest billions of dollars to construct data centers across the country, from North Carolina to Iowa to Oregon. That's big stuff. Apple will also open a state-of-the-art manufacturing economy. It's going to be a manufacturing academy in Detroit, and that's a great place to do it, you know. Big things are happening in Michigan and Detroit. They're coming in because of what we've done with the, uh, I call it the great big beautiful bill. I added one word, great. But we have, uh, the probably the biggest, most comprehensive piece of legislation ever passed. It's going to mean, uh, unbelievable numbers of jobs, and no jobs on, think of this, uh, whether it's tips or overtime or Social Security, no tax. So no tax on tips, no tax on Social Security, no tax on overtime, and there's just a small bit of it, uh, for Apple and others businesses, we're talking about the deductions and all of the things. And actually for people that go out and buy a car, first time it's ever been done. We talk about deductions for companies, but they're going to be able to deduct interest when they borrow money to buy a car, if it's made in America. Has to be made in America. So it is amazing. One of the reasons I think I can say that Apple's coming here is the legislation we just passed with this kind of investment. Apple will also open other facilities, rare earth magnets from Texas, and build, oh, I love that you're doing this. I love that. I love that. And build a brand new rare earth recycling line in Mountain Pass, California. I know that area. That's where they have a lot of truly rare earth. That's fantastic. I love that. And Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona, and New York. For years, Americans have watched as many of our leading tech giants built their factories overseas and exported American jobs abroad. I'm glad to be here with you today, and I'm very proud to say that today we're committing an additional 100 billion to the United States, bringing our total US investment to 600 billion over the next four years. As a part of this, we're launching Apple's American Manufacturing Program. It will spur even more production right here in America for critical components used in Apple products all around the world. And we're thrilled to announce that we've already signed new agreements with 10 companies across America to do just that. Related Videos Trump Says Apple Is 'Coming Home' With New Investment Trump Says He Will Impose 100% Tariff on Semiconductors Trump, Apple to Announce Fresh $100 Billion US Investment Apple $100B commitment, McDonald's weakness, Super Micro sinks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
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Apple says it is partnering with Samsung for new chip technology from Texas plant
(Reuters) -Apple said on Wednesday it is working with Samsung Electronics at the latter's chip production plant in Texas to "to launch an innovative new technology for making chips." Apple said the technology "has never been used before anywhere in the world," and Samsung's Texas chip plant "will supply chips that optimize power and performance of Apple products, including iPhone devices," without elaborating further. A Samsung spokesperson declined comment. The statement was made as part of Apple's announcement it would spend an additional $100 billion in U.S. investments, bringing its total investment commitment to the country to $600 billion over the next four years. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
