Particle.news
Download on the App Store
85 ARTICLES
·
3w ago

Trump Announces 100% Semiconductor Tariffs as Apple Commits $600 Billion to U.S. Manufacturing

The tariff plan exempts firms that boost U.S. production, coinciding with Apple’s American Manufacturing Program to fund domestic glass, server manufacturing, data center projects.

Workers at Corning’s manufacturing facility in Harrodsburg, Kentucky, will produce the cover glass for every single iPhone and Apple Watch.
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
Image
Image

Overview

  • President Trump unveiled a 100 percent tariff on imported semiconductors with full exemptions for companies that build or commit to build production in the United States.
  • Apple agreed to add $100 billion to its U.S. investment, raising its four-year pledge to $600 billion under the new American Manufacturing Program.
  • The expanded plan includes a $2.5 billion Corning-operated smart glass facility in Harrodsburg, Kentucky, supplying all iPhone and Apple Watch cover glass worldwide.
  • Apple will construct a 250,000-square-foot server manufacturing plant in Houston and invest billions to build data centers in North Carolina, Iowa and Oregon.
  • The investment is expected to create over 20,000 American jobs and support thousands more positions at suppliers including Broadcom and Texas Instruments.