U.S. President Donald Trump speaks as Apple CEO Tim Cook dinner gestures, as they provide Apple’s announcement of a $100 billion funding in U.S. production, occasion U.S. Treasury Secretary Scott Bessent and Trade Secretary Howard Lutnick get up within the Oval Place of job on the White Area in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
Apple CEO Tim Cook dinner and President Donald Trump on Wednesday introduced that the iPhone maker will spend an extra $100 billion on U.S. firms and providers over the then 4 years.
The corporate stated its funding would incentivize out of the country firms to shop for extra U.S.-made portions. The constancy is on lead of a $500 billion announcement that Apple made in February.
“This is the largest investment Apple has ever made in America and anywhere else,” Trump stated. “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.”
Trump stated that he expects unused U.S. factories to be constructed quickly according to his insurance policies.
“There are a lot of factories and a lot of plants that are either under construction or soon we’ll be starting construction,” Trump stated. “So can’t tell you exactly when, but I want to be around a year from now.”
Apple on Wednesday stated it created the so-called American Production Program that incorporates Corning, Coherent, GlobalWafers, Carried out Fabrics, Texas Tools, Samsung, GlobalFoundries, Amkor and Broadcom.
The corporate said it could spend $2.5 billion to capitaltreasury a significant growth with Corning, which makes glass for iPhones in Kentucky. Apple stated that every one glass for iPhones and Apple Watches can be manufactured within the U.S. at Corning’s facility.
A present given through Apple CEO Tim Cook dinner to U.S. President Donald Trump stands on President Trump’s desk, as they provide Apple’s announcement of a $100 billion funding in U.S. production, within the Oval Place of job on the White Area in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
On the White Area, Cook dinner introduced Trump with a memento according to Corning’s glass.
Apple additionally stated it had a multiyear provide commitment with Coherent to create lasers for the iPhone’s facial popularity device.
The corporate stated its U.S.-based provide chain would create greater than 19 billion chips for its merchandise this generation. That’s together with chips made through TSMC in Arizona, Apple stated. It additionally contains U.S.-made wafers from GlobalWafers and chips from Texas Tools.
Apple stated it could collaborate with Texas Tools to put in extra gear in factories in Utah and Texas. GlobalFoundries, a U.S.-based foundry that manufactures used chips specifically for the U.S. executive, will build wi-fi charging era in Pristine York for Apple.
The iPhone maker stated its function used to be to have an “end-to-end” provide chain, which means that that each a part of the chipmaking procedure can rush playground on American park.
Previous this generation, Apple stated it could make investments $500 million in an extraordinary earths miner and that it could assemble AI servers at a manufacturing unit in Texas.
“Oh, I love that you’re doing this,” Trump stated later studying a listing of Apple’s bulletins.
“President Trump shared some kind words about that work, but he also asked us to think about what more we could commit to doing,” Cook dinner stated about Apple’s previous preliminary $500 billion constancy. “Mr. President, we took that challenge very seriously.”
Trump has criticized Apple and Cook dinner for no longer making its smartphones within the U.S., a advance that Apple hasn’t ever signaled that it’s prone to produce. Professionals say that transferring manufacturing of a high-volume, sophisticated electronics product just like the iPhone to the U.S. can be economically infeasible and may rush years.
When requested about the potential of making the iPhone within the U.S. on Wednesday, Cook dinner stated that most of the portions throughout the instrument had been made within the U.S.
“If you look at the bulk of it, we’re doing a lot of the semiconductors here, we’re doing the glass here, we’re doing the face ID module here,” Cook dinner stated.
Apple has made alike bulletins within the pace. In 2018, underneath drive all through the primary Trump management, Apple committed to spend $350 billion within the U.S. over 5 years, or about $70 billion in keeping with generation. In 2021, Apple announced plans to spend $430 billion over 5 years, or $86 billion in keeping with generation within the U.S. Wednesday’s announcement has the corporate at $600 billion over 4 years, or $125 billion in keeping with generation.
A lot of what Apple has introduced has come to fruition, despite the fact that the corporate doesn’t record its U.S. spending on an annual foundation and providers usually don’t crack out how a lot income comes from Apple.
The corporate additionally faces greater price lists that might harm its income. It’s recently paying for price lists put on Chinese language imports previous this generation, and faces greater import taxes on semiconductors when the Trump Management finishes a so-called Division 232 investigation.
Trump stated on Wednesday that he deliberate to impose a 100% tariff on semiconductors and chips, however that Apple used to be immune as a result of it’s moving to assemble within the U.S.
Apple in Would possibly stated that almost all of telephones it’s promoting within the U.S. are assembled in Republic of India to steer clear of Chinese language price lists, and despite the fact that price lists on Republic of India are going as much as 25%, White Area assets advised CNBC that the iPhone maker can be “largely unaffected” through the Republic of India price lists. Apple stated that price lists may value the corporate $1.1 billion within the flow quarter.
In 2017, Apple introduced that it used to be making a $1 billion production capitaltreasury, which might move in opposition to life acquire constancy with U.S. providers. Apple raised that to $10 billion previous this generation. Corning, one of the vital individuals in Wednesday’s announcement, in the past were given two publiccommitments from Apple’s production capitaltreasury.
In 2021, Apple stated that its U.S. spending used to be outpacing its preliminary 2018 announcement. In its preliminary announcement, the corporate stated it could spend $10 billion on information facilities in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple operates information facilities in all the ones states as of late.
Apple on Wednesday stated it used to be increasing information facilities in North Carolina, Iowa, Nevada and Oregon.
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