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20h ago

Apple Pledges $600 Billion for U.S. Manufacturing as Trump Sets 100% Chip Tariffs

Apple’s additional $100 billion investment secures tariff carve-outs under President Trump’s 100% chip levy proposal.

Workers at Corning’s manufacturing facility in Harrodsburg, Kentucky, will produce the cover glass for every single iPhone and Apple Watch.
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Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo
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Overview

  • Apple announced an additional $100 billion investment over four years, bringing its total U.S. manufacturing commitment to $600 billion under its American Manufacturing Program.
  • The new funding includes a $2.5 billion expansion at Corning’s Harrodsburg, Kentucky, plant to produce all iPhone and Apple Watch glass, alongside plans for a Houston server facility and a Michigan supplier academy.
  • President Trump declared 100% tariffs on imported chips and semiconductors set to take effect soon, but companies investing in U.S. production will be exempt from levies.
  • Apple’s major product assembly—including iPhones, iPads and MacBooks—remains in China, India and Vietnam, underscoring challenges in fully reshoring final assembly.
  • Strategic exemptions tied to U.S. facilities aim to nudge companies toward onshoring critical components without immediate full final assembly reshoring.