Apple Plans $100 Billion US Manufacturing Investment, Raising Total to $600 Billion
Apple Plans $100 Billion US Manufacturing Investment, Raising Total to $600 Billion

Apple Plans $100 Billion US Manufacturing Investment, Raising Total to $600 Billion

News summary

Apple is set to announce an additional $100 billion investment in American manufacturing, raising its total U.S. investment commitment to $600 billion over the next four years. This move aligns with President Donald Trump's agenda to reshore production and bolster economic and national security by bringing more of Apple's supply chain and manufacturing operations to the United States. The announcement, expected at the White House, follows Apple's earlier pledge of $500 billion in domestic investments, which includes projects like a large AI server factory in Texas and thousands of new research and development jobs nationwide. Apple has faced tariffs under the Trump administration, costing the company $800 million in the recent quarter, and has been shifting some production to countries like India and Vietnam to mitigate these costs. The administration views this investment as a win for American manufacturing and a strategic effort to protect critical component production. This development is part of broader efforts by the Trump administration to encourage domestic investment in technology and manufacturing sectors amid ongoing trade tensions.

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