Trump says Apple investing another US$100 billion in US manufacturing
CEO Tim Cook says the company will be bringing more of its supply chain and advanced manufacturing to the United States
Apple CEO Tim Cook joined US President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in US manufacturing by an additional US$100 billion over the next four years.
“This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America,” Trump said at the press conference. “Today’s announcement is one of the largest commitments in what has become among the greatest investment booms in our nation’s history.”
As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Programme, but it is not a full commitment to build its popular iPhone device domestically.
“This includes new and expanded work with 10 companies across America. They produce components – semiconductor chips included – that are used in Apple products sold all over the world, and we’re grateful to the president for his support,” Cook said in a statement announcing the investment.
The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others.
Apple had previously said it intended to invest US$500 billion domestically, a figure it will now increase to US$600 billion. Trump in recent months has criticised the tech company and Cook for efforts to shift iPhone production to India to avoid the tariffs his Republican administration had planned for China.