Overview

• The announcement at the White House featured CEO Tim Cook alongside President Trump for the investment rollout
• The additional funds will be deployed over the next four years and follow Apple’s February pledge of more than $500 billion in domestic investment
• Projects include a $2.5 billion allocation to a Kentucky plant for iPhone cover glass and expanded semiconductor output at facilities in Arizona and Texas
• The expansion supports President Trump’s onshore manufacturing agenda and aims to sidestep a proposed 25% tariff on iPhones made abroad
• Analysts warn that boosting domestic production could drive up iPhone prices for American consumers