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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to...
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Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of the G20 summit in South Africa, the Canadian government said on Saturday.
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Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
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Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (20 November), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
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Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre said.
Gunmen in Nigeria kidnapped 303 students and teachers at a Catholic school in the northwest on Friday, the Christian Association of Nigeria (CAN) said, the latest in a spate of school attacks this week that has forced the government to shut 47 colleges.
Canadian Prime Minister Mark Carney and French President Emmanuel Macron discussed the war in Ukraine and the situation in Gaza on the sidelines of the G20 summit in South Africa, the Canadian government said on Saturday.
As host of next year’s COP30 climate summit, Belem is unveiling an ambitious new model for sustainable growth — one that turns the Amazon’s natural abundance into livelihoods while keeping its forests standing.
Leaders of the world’s 20 largest economies convened in South Africa on Saturday for a G20 summit notably boycotted by the United States, as members sought to finalise a draft declaration prepared without U.S. involvement — a move a senior White House official condemned as “shameful.”
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 22nd of November, covering the latest developments you need to know.
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