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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.

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.