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.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said.&nbs...
Saudi Aramco has ordered staff to evacuate its headquarters amid escalating Houthi attacks on the kingdom. Two people were killed in an attack on D...
Nigeria's first Ebola case in more than a decade may be linked to travel in Uganda, Swiss authorities said on Thursday, although the source of ...
Russia is willing in principle to resume peace talks with Ukraine and the United States in November, Kremlin aide Yuri Ushakov said after President Vladimir Putin met U.S. special envoy Steve Witkoff in St Petersburg.
Saudi Aramco has ordered staff to evacuate its headquarters amid escalating Houthi attacks on the kingdom. Two people were killed in an attack on Dammam airport, while Iran's IRGC Navy claimed strikes on seven vessels and warned the U.S. of a wider response.
Yemen's Houthis have denied targeting the holy city of Medina on Wednesday adding that they have not conducted any military operations towards Saudi Arabia either, denying earlier comments from the Saudi-led coalition in Yemen.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said. Meanwhile, Russia said it had intercepted the vast majority of 630 Ukrainian drones launched towards Moscow.
Georgia’s Constitutional Court in Batumi will on Wednesday hear a lawsuit seeking to ban five Georgian opposition parties, four of which collectively gained 784,820 votes (37.79 per cent) in the country’s last national elections in 2024.
Russian strikes on Ukraine overnight killed at least two people and injured 15 others, including two children, Ukrainian authorities said. Meanwhile, Russia said it had intercepted the vast majority of 630 Ukrainian drones launched towards Moscow.
Nigeria's first Ebola case in more than a decade may be linked to travel in Uganda, Swiss authorities said on Thursday, although the source of infection remains unclear. Uganda maintains it has no cases of the disease.
Super typhoon Champi is set to batter Japan’s Okinawa Prefecture from Friday (23 October), bringing violent winds, torrential rain and waves up to 11 metres high, as airlines cancel flights and organisers scrap a major festival.
Two women from Austria and Switzerland have been freed after lengthy periods in captivity in Niger, following extensive diplomatic efforts to secure their release amid growing concerns over kidnappings in the Sahel region.
France has reported its first known human case of Shamonda virus following the death of an infected patient, authorities said on Thursday (22 October). The virus, typically found in livestock, is believed to have been transmitted by a biting midge.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment