Apple commits $100 billion more to US, bringing total US investment to $600 billion.

Apple commits $100 billion more to US, bringing total US investment to $600 billion.

President Donald Trump will highlight Apple's plans to invest an additional $100 billion in the United States, raising the company's total U.S. investment to $600 billion over the next four years. This announcement is expected to be celebrated at a White House event, according to White House spokeswoman Taylor Rogers [1].

Apple had previously pledged to invest $500 billion domestically, but this new commitment will increase the figure to $600 billion. The additional investment will focus on bringing more of Apple's supply chain and advanced manufacturing to the U.S. This move is seen as a significant win for U.S. manufacturing amid ongoing tariff tensions [1].

The new investment comes amidst Trump's plans to unveil a tariff on all products containing semiconductor chips as soon as next week. Earlier this year, Trump had warned that he would impose a tariff of at least 25% on Apple if it didn't move manufacturing of the iPhone to the U.S. [2].

Apple's new pledge includes a new manufacturing program designed to bring more of its supply chain into the United States, with a focus on manufacturing critical components domestically. This move is seen as a significant boost to the U.S. economy and a sign of Apple's commitment to domestic manufacturing [2].

The announcement comes amidst a broader trend of companies increasing their U.S. presence under the Trump administration. Earlier this year, Trump announced a $100 billion investment in artificial intelligence data centers from Oracle Corp., SoftBank Group Corp., and OpenAI Inc., with a goal of increasing the total to at least $500 billion [2].

Apple's stock price surged by nearly 6% in midday trading on Wednesday following the announcement, reflecting investors' relief that CEO Tim Cook is extending an olive branch to the Trump administration [1]. Despite Wednesday's upturn, Apple's shares are still down by 14% this year, driven by the company's botched start in the pivotal field of artificial intelligence [1].

References:
[1] https://virginiabusiness.com/apple-us-investment-trump-boost-manufacturing/
[2] https://www.ainvest.com/news/apple-commits-100-billion-domestic-investment-promises-increased-manufacturing-2508/