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4h ago

Apple Commits Additional $100 Billion to U.S. Manufacturing

It reflects the Trump administration’s push to shift critical component manufacturing back to the United States.

People walk by the Apple Store on Fifth Avenue on February 24, 2025 in New York City.
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Earlier this year, Trump warned that he would hit Apple with a tariff of at least 25% if it didn’t move manufacturing of the iPhone to the US.

Overview

  • The fresh investment raises Apple’s total U.S. commitment from $500 billion to $600 billion through 2025.
  • The American Manufacturing Program will incentivize domestic production of critical components and encourage other companies to build supply chains in the U.S.
  • President Trump threatened 25% tariffs on foreign-made iPhones to pressure Apple into reshoring and tied trade policy to supporting American jobs.
  • Tim Cook told investors that Apple expects $1.1 billion in tariff-related costs in the September quarter without new exemptions.
  • It builds on projects announced earlier this year, including a server facility in Houston, a supplier academy in Michigan and the creation of 20,000 research and development jobs.