Categories: Crypto

Apple to invest $100 billion more in US manufacturing amid Trump tariff pressure


Key Takeaways

  • Apple is expected to announce an additional $100 billion in US manufacturing, raising its total domestic commitment to $600 billion over four years.
  • The investment aims to reshore critical production and comes amid tariff threats and new manufacturing initiatives announced at the White House.

Share this article

President Trump is expected to unveil that Apple will invest another $100 billion in US manufacturing, a move that would deepen the company’s domestic supply chain footprint and reduce its reliance on foreign manufacturing, especially amid rising tariffs, Bloomberg reported Wednesday.

The announcement will be made at the White House, and Apple CEO Tim Cook is expected to attend.

The anticipated new round of investment brings Apple’s total US commitment to $600 billion, as it continues executing its $500 billion plan for the next four years.

As part of the package, Apple plans to open a high-tech manufacturing site in Houston for AI server production, double its Advanced Manufacturing Fund, and grow its data center and supplier footprint across multiple states.

White House spokesperson Taylor Rogers said in a statement that Apple’s latest commitment is a big win for domestic manufacturing and reinforces the effort to bring critical manufacturing back to America.

Most iPhones sold in the US are manufactured in India, while other hardware products like MacBooks and iPads are primarily built in Vietnam, Cook said on a recent analyst call. He stated that Apple is focused on supply chain efficiency and aims to increase its operations in the US.

Trump previously threatened to impose at least a 25% tariff on Apple iPhones if they are not manufactured in the US. He said in a May statement that he expected the company to produce iPhones domestically rather than in countries like India or elsewhere.

Share this article



Source link

Adam Forsyth

Share
Published by
Adam Forsyth

Recent Posts

Best sex and dating apps for hooking up in 2025 (UK)

This content originally appeared on Mashable for a US audience and has been adapted for…

4 minutes ago

Coinfest Asia 2025 Kicks Off in Bali with Web3 Leaders, Policymakers, and Builders

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas…

6 minutes ago

Kanye West drops YZY meme coin on Solana

Key Takeaways Kanye West launched the YZY meme coin and payment ecosystem on Solana. YZY…

51 minutes ago

Nothing Beats Our Editors’ Favorite Office Chair, and It’s on Sale Now

Office chairs can be surprisingly expensive, easily breaking $1,000 for a seaworthy seat. The Branch…

1 hour ago

Betconstruct Champions the Future of iGaming at Harmony Meetup 7 Feat. Fasttoken and Ortak X B.F.T.H. Arena Awards

At the intersection of technology and community, Betconstruct is redefining what it means to be…

1 hour ago

Pump.fun Reclaims Dominance as Top Meme Coin Builders Flock Back

Pump.fun, Solana’s premier memecoin launchpad, has stormed back to the top of the sector, reclaiming…

2 hours ago