Apple has pledged an additional $100 billion investment in the U.S., bringing its total commitment to $600 billion over four years, in a move seen as easing tensions with President Donald Trump over potential iPhone tariffs.
The announcement was made at The White House on Wednesday, where President Trump praised Apple’s move as a sign that major firms were “coming home.” He spoke shortly after Apple CEO Tim Cook presented him with a U.S.-made souvenir mounted on a 24-karat gold base.
The new pledge focuses on expanding Apple’s domestic supply chain and advanced manufacturing presence, but stops short of moving iPhone final assembly to the U.S.
“Final assembly will remain overseas for a while,” Cook said, though he noted that key components such as semiconductors and glass are already made domestically.
Trump had threatened a 25% tariff on Apple products manufactured abroad, reversing earlier exemptions. Apple said the new investments may help it avoid such penalties.
Analysts said the announcement aligns with Apple's past investment patterns and serves to placate the White House.
“It helps get on Trump’s good side,” said Daniel Ives of Wedbush Securities.
Nancy Tengler, CEO of Laffer Tengler Investments, described it as “a savvy solution” to political pressure for onshore manufacturing.
Key partners in the investment include Corning, Applied Materials, Texas Instruments, GlobalFoundries, Broadcom, Samsung and GlobalWafers. Samsung will supply chips from its Texas plant, while GlobalWafers will provide 300mm silicon wafers, also from Texas.
Apple shares rose 5% following the announcement, with Corning and Applied Materials also gaining in extended trading.
Georgia’s top security official has held face-to-face talks with his Azerbaijani counterpart in China, with both sides pledging to deepen int...
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar...
More than 46,000 people have been displaced in Yemen since fighting escalated last week, the International Organization for Migration (IOM) said on...
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
A Texas judge ruled on Thursday that TikTok violated the state's consumer protection law by misleading users about how the platform filtered content for minors and the effectiveness of its Restricted Mode feature.
Sweden's centre-left opposition holds a narrow lead over the ruling right-wing bloc ahead of Sunday's parliamentary election, leaving Social Democrat leader Magdalena Andersson well placed for a return as prime minister.
French public broadcaster France Télévisions has removed the replay of a programme in which actress Adèle Haenel accused Israel of committing genocide in Gaza and France of complicity.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment