Trump, Apple announce new $100 billion commitment to manufacturing in U.S.
"Today, Apple is announcing it will invest $600 billion...in the U.S. over the next four years," Mr. Trump said Wednesday afternoon. "That's $100 billion more than they were originally going to invest. And this is the largest investment Apple has ever made in America."
He said the investment would create 20,000 new jobs at Apple and said the tech giant planned to build a smart glass manufacturing line in Kentucky.
Mr. Trump called the investment "a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America." He said the Apple would also build a server manufacturing facility in Houston, invest billions in constructing data centers across the country, and build a manufacturing academy in Detroit.
Apple CEO Tim Cook appeared at Mr. Trump's side for the announcement and presented him with a glass Apple plate he said was engraved for the president and set in a base of 24K gold.
The new investment would increase Apple's commitment to U.S. manufacturing to $600 billion over the next four years, according to a White House official. And it's expected to include a new "American Manufacturing Program" focused on bringing more of Apple's supply chain and advanced manufacturing to the U.S.
White House spokesperson Taylor Rogers said in a statement that the announcement with Apple "will simultaneously help reshore the production of critical components to protect America's economic and national security."
The company announced in February that it would invest $500 billion in the U.S. over the next four years and hire 20,000 U.S.-based workers. Apple said then that it would build a new 250,000 square-foot manufacturing plant in Houston, set to open in 2026, that will make servers to power Apple's AI services. The company also said it would establish an educational academy in Michigan focused on manufacturing and boost its investment in a fund aimed at fostering innovation across the U.S.
In May, the president threatened to impose a 25% tariff on iPhones made outside the U.S., writing on Truth Social that he told Cook that he expects that iPhones that will be sold in the U.S. "will be manufactured and built in the United States, not India, or anyplace else."Kate Gibson
contributed to this report.
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