Latest news with #MadeInTheUSA
South China Morning Post
4 days ago
- Business
- South China Morning Post
Apple expands 18-year-old iPhone glass deal with Corning in bid to avoid Trump tariffs
Apple's CEO Tim Cook is using a familiar strategy to stay in Donald Trump's good graces: expanding existing initiatives to show he supports the president's 'Made in the USA' agenda. Standing in the Oval Office on Wednesday between Trump and Vice-President J.D. Vance, Cook announced that Apple will increase its US investment commitment to US$600 billion over four years – up from the US$500 billion pledged after Trump's second term victory. The centrepiece of the expansion is a US$2.5 billion investment into Corning, Apple's long-time glass supplier. For the first time, the cover glass for all iPhones and Apple Watches will be manufactured in the US, at Corning's facility in Kentucky. Though Apple has touted the US roots of iPhone glass before, a portion of that glass was previously made overseas. 'Apple's been an investor in other countries a little bit. I will not say which ones, but a couple. And they're coming home,' Trump said when making the announcement. The US$600 billion investment, he said, is 'the biggest there is.' An Apple store on April 14, 2025 in Chicago. via AFP The iPhone maker also discussed increased agreements focused on semiconductor manufacturing, expanding deals with partners like Samsung Electronics, Texas Instruments and Broadcom. Apple is branding the effort the American Manufacturing Program, or AMP.
Yahoo
4 days ago
- Business
- Yahoo
Apple Expands 18-Year-Old iPhone Glass Deal in Bid to Avoid Trump Tariffs
(Bloomberg) — Apple Inc. (AAPL) Chief Executive Officer Tim Cook is using a familiar strategy to stay in Donald Trump's good graces: expanding existing initiatives to show he supports the president's 'Made in the USA' agenda. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Standing in the Oval Office on Wednesday between Trump and Vice President JD Vance, Cook announced that Apple will increase its US investment commitment to $600 billion over four years — up from the $500 billion pledged after Trump's second-term victory. A centerpiece of the expansion is a $2.5 billion investment into Corning Inc. (GLW), Apple's longtime glass supplier. For the first time, the cover glass for all iPhones and Apple Watches will be manufactured in the US, at Corning's facility in Kentucky. Though Apple has touted the US roots of iPhone glass before, a portion of that glass was previously made overseas. 'Apple's been an investor in other countries a little bit. I won't say which ones, but a couple. And they're coming home,' Trump said when making the announcement. The $600 billion investment, he said, is 'the biggest there is.' The iPhone maker also discussed increased agreements focused on semiconductor manufacturing, expanding deals with partners like Samsung Electronics Co. ( Texas Instruments Inc. and Broadcom Inc. Apple is branding the effort the American Manufacturing Program, or AMP. The agreements that Apple touted included: Working with GlobalWafers Co. in Texas to produce US wafers — the basis for the chips that go into the iPhone and other devices. Apple also said it was partnering with Applied Materials Inc. (AMAT), the biggest US producer of semiconductor-manufacturing equipment, to make more of that gear in Austin. But in those cases, Apple will be on the sidelines, rather than building the machinery and components itself. Expanding a partnership with Texas Instruments (TXN) to support the manufacturing of chips in Utah and Texas. The facilities will make components that ultimately go into the iPhone and other devices shipped around the world, Apple said. It's also teaming up with Samsung to create new chips in Texas that can boost the power and performance of devices. A deal with GlobalFoundries Inc. to boost US manufacturing of wireless technologies and power-management components in New York state. Investing in an Arizona facility run by Amkor Technology Inc. that tests and packages chips. The location will handle Apple-bound silicon made by partner Taiwan Semiconductor Manufacturing Co. (TSM, at its nearby plants. In all, the announcements provided just enough evidence that Apple was focusing on America — without forcing it to make major changes. Corning has supplied Apple since the first iPhone in 2007, and Cook has long promoted the iPhone's American-made glass. What's new is the modestly increased scale. Apple is pointing to the deals as it seeks relief from looming tariffs. The Trump administration is letting exemptions on smartphone and gadget levies expire and adopting new duties on Indian imports — a potential issue for Apple, which recently shifted US-bound iPhone assembly to India. Cook even seized on Trump's famous love of gold. He presented the president with a large, circular Corning glass plaque engraved with the president's name, mounted in 24-karat gold. The Apple CEO said that the glass came off an assembly line in Kentucky while the gold was produced in Utah. Cook added that a former US Marine who works at Apple designed the plaque. Trump, meanwhile, announced a major enticement: He said that companies investing in the US — even if the projects are in early stages — would get a break from some tariffs. 'The good news for companies like Apple is, if you're building in the United States, or have committed to build,' Trump said, 'there will be no charge.' Apple's pledges are expected to meet that criteria, even if it isn't actually making iPhones and other popular devices in the US. Assembly of the smartphone — a costly and complex process of combining components, testing and boxing devices — will continue in China and, increasingly, India. That part will stay 'elsewhere for a while,' Cook said. But 'there's a lot of content in there from the United States, and we're very proud of it.' Trump acknowledged that assembly was 'set up in other places, and it's been there for a long time,' but he reiterated his desire to bring that stage of production to the US someday. '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,' he said. Trump's existing tariffs have already taken a toll on Apple. It said last week that the levies will cost the company about $1.1 billion in the September quarter. But Apple is looking to avoid incurring further costs, especially as it prepares to unveil the iPhone 17 line next month. Cook is also likely seeking support from Trump on other fronts: The US Justice Department is suing the company for alleged antitrust violations, and the agency is threatening its $20 billion search deal with Alphabet Inc.'s Google (GOOG) in a separate case. The US government also could potentially help Apple cope with tough new restrictions on the App Store in the EU. This isn't the first time Apple has used US manufacturing announcements to promote Trump's priorities. In 2019, the company promised to assemble a new Mac Pro in Texas. It wasn't a big change: Apple had produced the previous model in the state since 2013. But that gesture helped land the company a reprieve from tariffs. Earlier this year, after Trump's return to office, Cook unveiled the initial $500 billion commitment — an acceleration of the investments Apple had begun under President Joe Biden. At that time, Apple announced it would start making AI servers in Houston. Cook said Wednesday that the first test units rolled off that factory's assembly line last month. 'We're going to keep building technologies at the heart of our products right here in America,' he said. Russia's Secret War and the Plot to Kill a German CEO The Pizza Oven Startup With a Plan to Own Every Piece of the Pie AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery ©2025 Bloomberg L.P. 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Bloomberg
4 days ago
- Business
- Bloomberg
Apple Expands 18-Year-Old iPhone Glass Deal in Bid to Avoid Trump Tariffs
Apple Inc. Chief Executive Officer Tim Cook is using a familiar strategy to stay in Donald Trump's good graces: expanding existing initiatives to show he supports the president's 'Made in the USA' agenda. Standing in the Oval Office on Wednesday between Trump and Vice President JD Vance, Cook announced that Apple will increase its US investment commitment to $600 billion over four years — up from the $500 billion pledged after Trump's second-term victory.
Fast Company
6 days ago
- Business
- Fast Company
America can't afford to forget how to make things
In an age of convenience, global sourcing, and race-to-the-bottom pricing, 'Made in the USA' has too often become a quaint notion—a nostalgic footnote rather than a guiding principle. But for those of us in the business of making things here at home, that label still means something. In fact, it may be more important now than ever before. I lead Faribault Mill, a historic textile mill founded in 1865 in the town of Faribault, Minnesota. Over the past 160 years, our mill has outfitted pioneers heading west, supplied blankets to American troops, and woven itself into the fabric of American life. And like so many domestic manufacturers, we nearly lost it. By 2009, the mill had shut down. The looms were silent, the workforce gone, and the community left wondering what would come next. We chose revival. In 2011, a team of believers brought the mill back to life—not as a museum piece, but as a living, breathing example of what American manufacturing can still be: resilient, modern, and deeply rooted in purpose. We're now one of the last fully vertical textile mills in the United States, managing every step of production—from raw wool to finished product—all under one roof. It hasn't been easy, but it has been worth it. Why manufacturing still matters There's a fundamental misunderstanding in the way we talk about manufacturing in this country. Too often, it's reduced to a numbers game: labor costs, overseas pricing, efficiency. But what we lose in those calculations is what we risk giving up—control over our supply chains, the dignity of skilled work, and the ability to build resilience into our communities and economy. The pandemic was a wake-up call. When we couldn't access basic goods, from masks to semiconductors, we saw firsthand what happens when we outsource too much for too long. That fragility is not just inconvenient. It's dangerous. A nation that can't make its own goods has lost sovereignty over its own future. Domestic manufacturing is a strategic asset. And if we want to build a stronger, more equitable, more sustainable economy, we need to invest in it—urgently and intentionally. The real value of 'Made in USA' Manufacturing in America isn't the easy path. It requires more investment, higher labor costs, and deeper operational complexity. But the payoff is far greater than a quarterly return. At Faribault Mill, every blanket is touched by dozens of skilled artisans: spinning, dyeing, weaving, and finishing. This level of craftsmanship can't be replicated through offshoring. It's not just about quality, it's about integrity. Our supply chain is tight, our environmental footprint is smaller, and our jobs are local. Every dollar spent on a Faribault Mill product reverberates through the community, supporting families, trades, and our town. We've trained a new generation of textile workers while honoring legacy techniques passed down over decades. And we've created products that are not only beautiful and functional, but meaningful. Whether we're collaborating with heritage brands like Coach or cult favorites like Supreme, our goal is the same: to show what American-made can look like when it's done with vision and purpose. Change the conversation The biggest barrier to a manufacturing revival in this country isn't cost. It's mindset. We've trained consumers to expect cheap, fast, and disposable goods. We've defined value by what something costs, not by what it offers, not just in function, but in longevity, in sustainability, and in human impact. It's time to change that narrative. A Faribault Mill blanket will last for decades—it's an heirloom piece. Its raw materials are traceable, and its makers are paid fairly. That's value. And more and more, consumers are looking for brands that align with those values. But we need broader action—from business leaders willing to reinvest domestically, from policymakers who understand that smart industrial policy is a national advantage, and from consumers who see each purchase as a vote for the kind of economy they want to live in. A blueprint for the future Reviving Faribault Mill wasn't just about saving a company. It was about proving a point: that it's still possible to make things in America with care, pride, and purpose. We've invested in new equipment and product lines. We've built partnerships across industries. And we've done it all while staying rooted in the belief that American manufacturing isn't obsolete—it's essential. We are far from alone. Across the country, a new wave of makers, builders, and manufacturers are reimagining what industry can look like in the 21st century. But momentum isn't enough. If we want this movement to last, we need to embed it in policy, culture, and everyday consumer behavior. Because at the end of the day, American manufacturing isn't just about economics. It's about identity. It's about knowing that behind every product is a person, a process, a place. It's about rebuilding the kinds of jobs and industries that create real opportunity and long-term resilience. At Faribault Mill, every blanket we make carries 160 years of history—and a future that's still being written. If you believe in the promise of American manufacturing, you're already part of that story. Now let's write the next chapter together.
