U.S. President Donald Trump spoke as Apple CEO Tim Cook as they introduced Apple’s announcement of a $100 billion investment in U.S. manufacturing, while U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick stood at the Oval Office in Washington, DC, U.S. at the Oval Office in Washington, DC, U.S., August 6, 2025, June 6, 2025.
Jonathan Ernst | Reuters
apple CEOs Tim Cook and Donald Trump announced Wednesday that iPhone manufacturers will spend an additional $100 billion for U.S. companies and suppliers over the next four years.
The company said its investment will inspire overseas companies to buy more parts made in the United States. The commitment was a $500 billion announcement made by Apple in February.
“This is the biggest investment Apple has made in the U.S. and anywhere else,” Trump said. “As you know, Apple has been an investor in other countries, and I won’t say which one, but a couple, they’re home.”
Trump said he hopes to build new U.S. factories soon according to his policies.
“There are a lot of factories and a lot of plants under construction, or we’ll start building soon,” Trump said. “So I can’t tell you exactly when, but I want to start about a year from now.”
Apple said Wednesday it created what it calls a manufacturing program for the United States, which includes Corning,,,,, coherentGlobalWafers, Application materials,,,,, Texas InstrumentsSamsung, GlobalFroundRoss,,,,, Amkor and Broadcom.
company explain It will spend $2.5 billion on major expansion funds with Corning, which makes glass for iPhones in Kentucky. All glasses for iPhone and Apple Watch will be made at Corning’s factory, Apple said.
Apple CEO Tim Cook gave a gift to U.S. President Donald Trump on President Trump’s desk as they announced Apple’s $100 billion investment in U.S. manufacturing in the Oval Office in Washington, DC, on August 6, 2025.
Jonathan Ernst | Reuters
At the White House, Cook showed Trump the souvenir based on the Corning glass.
Apple also said it has a multi-year supply agreement with a coherent supply agreement to produce lasers for iPhone’s facial recognition systems.
The company said its U.S.-based supply chain will produce more than 19 billion chips for this year’s products. Apple said this includes TSMC’s bargaining chips made in Arizona. It also includes chips made in the United States from GlobalWafers and chips from Texas Instruments.
Apple said it will work with Texas Instruments to install other tools at its factories in Utah and Texas. GlobalFoundries, a U.S. foundry that specializes in producing older chips for the U.S. government, will produce wireless charging technology for Apple in New York.
The iPhone maker said its goal is to have an “end-to-end” supply chain, meaning every part of the chip manufacturing process can be done on U.S. soil.
Earlier this year, Apple said it would invest $500 million rare earth miners It will build AI servers at a Texas factory.
“Oh, I love you’re doing this,” Trump said after reading the Apple announcement list.
“President Trump shared some friendly words about the work, but he also asked us to consider what to do,” Cook said of Apple’s earlier $500 billion commitment. “We take this challenge very seriously, Mr. President.”
Trump criticized Apple and Cook for not making smartphones in the United States, a move that never showed it could be done. Migrating large, complex electronic products like iPhones to the United States will be It is not economically feasible and may take years.
Asked about the possibility of making iPhones in the U.S. on Wednesday, Cook said many parts of the device were made in the U.S.
“If you look at most of it, we do a lot of semiconductors here, we do glass here, we do facial ID modules here,” Cook said.
Not Apple’s first US commitment
Apple has made similar announcements in the past. In 2018, under pressure from the first Trump administration, Apple Firm Spend $350 billion in the United States, about $70 billion a year. In 2021, Apple Announce The company plans to spend $430 billion in five years, or $86 billion a year announced on Wednesday, the company is $600 billion in four years, and $125 billion a year.
Most of the content announced by Apple has achieved results, although the company does not report its U.S. spending annually and suppliers generally do not lose Apple’s revenue.
The company also faces increasing tariffs that could damage its profits. Currently, when the Trump administration completes the so-called Article 232 investigation, it is currently paying for tariffs on Chinese imports earlier this year.
Trump said on Wednesday he plans to impose 100% tariff on semiconductors and chipsbut that Apple is exempted because it promises to be built in the United States
Apple said in May that most phones sold in the U.S. were rallying in India to avoid Chinese tariffs, and although India’s tariff rates are as high as 25%, White House sources told CNBC that iPhone manufacturers will be “largely unaffected” by Indian tariffs. Apple said tariffs in the current quarter could cost the company $1.1 billion.
In 2017, Apple announced that it would create a $1 billion manufacturing fund that will join U.S. suppliers to purchase future purchase commitments. Apple raised it to $10 billion earlier this year. Corning was one of the participants announced Wednesday, with two previous releases people promise From Apple Manufacturing Fund.
Apple said in 2021 that U.S. spending exceeded its original 2018 announcement. In its initial announcement, the company said it would spend $10 billion on data centers in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple operates data centers in all of these states today.
Apple said Wednesday it is expanding data centers in North Carolina, Iowa, Nevada and Oregon.
watch: Dan Ives of Wedbush said Apple’s bigger problem remains the missing AI.
