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.
The Iranian Foreign Minister Abbas Araghchi has strongly condemned the order by U.S. President Donald Trump to resume nuclear weapons testing, while h...
Dutch centrist party D66 won the most votes in Wednesday's general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten...
The 43rd session of the United Nations Educational, Scientific and Cultural Organization (UNESCO) General Conference has opened in Samarkand, bringing...
Families gathered at a morgue in Rio de Janeiro on Thursday to identify loved ones killed in what has become Brazil’s deadliest police operation, wh...
Egypt will open the long-delayed $1 billion (about £820 million) Grand Egyptian Museum on Saturday, unveiling the world’s largest archaeological co...
The Iranian Foreign Minister Abbas Araghchi has strongly condemned the order by U.S. President Donald Trump to resume nuclear weapons testing, while having bombed Iran’s civilian nuclear sites in June and threatening further strikes.
Dutch centrist party D66 won the most votes in Wednesday's general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten on course to become the youngest-ever prime minister in the Netherlands.
The 43rd session of the United Nations Educational, Scientific and Cultural Organization (UNESCO) General Conference has opened in Samarkand, bringing together representatives from nearly 200 countries.
Families gathered at a morgue in Rio de Janeiro on Thursday to identify loved ones killed in what has become Brazil’s deadliest police operation, while funerals were held for four officers who died during the raids.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results — a stunning reversal just two years after D66 ranked sixth.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
U.S. President Donald Trump agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, Trump said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
Dutch centrist party D66 won the most votes in Wednesday's general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten on course to become the youngest-ever prime minister in the Netherlands.
Families gathered at a morgue in Rio de Janeiro on Thursday to identify loved ones killed in what has become Brazil’s deadliest police operation, while funerals were held for four officers who died during the raids.
Torrential rain battered New York on Thursday, leaving two people dead, Mayor Eric Adams confirmed, as severe storms disrupted flights and prompted flood warnings across parts of the city.
Hungarian Prime Minister Viktor Orbán announced plans to introduce a pension top-up as part of a wider pre-election spending drive ahead of the 2026 national vote.
The United States’ participation at this week’s Asia-Pacific Economic Cooperation (APEC) summit in South Korea has been “very strong and robust,” a senior U.S. official said on Friday, after President Donald Trump left before the start of the leaders’ meeting.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment