U.S. President Donald Trump speaks as Apple CEO Tim Cook gestures, as they current Apple’s announcement of a $100 billion funding in U.S. manufacturing, whereas U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick stand within the Oval Office on the White House in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
Apple CEO Tim Cook and President Donald Trump on Wednesday introduced that the iPhone maker will spend a further $100 billion on U.S. firms and suppliers over the following 4 years.
The firm stated its funding would incentivize abroad firms to purchase extra U.S.-made elements. The dedication is on prime of a $500 billion announcement that Apple made in February.
“This is the largest investment Apple has ever made in America and anywhere else,” Trump stated. “As you know, Apple has been an investor in other countries a little bit, I won’t say which ones, but a couple, and they’re coming home.”
Trump stated that he expects new U.S. factories to be constructed quickly based mostly on his insurance policies.
“There are a lot of factories and a lot of plants that are either under construction or soon we’ll be starting construction,” Trump stated. “So can’t tell you exactly when, but I want to be around a year from now.”
Apple on Wednesday stated it created the so-called American Manufacturing Program that features Corning, Coherent, GlobalWafers, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor and Broadcom.
The firm said it will spend $2.5 billion to fund a serious expansion with Corning, which makes glass for iPhones in Kentucky. Apple stated that every one glass for iPhones and Apple Watches shall be manufactured within the U.S. at Corning’s facility.
A present given by Apple CEO Tim Cook to U.S. President Donald Trump stands on President Trump’s desk, as they current Apple’s announcement of a $100 billion funding in U.S. manufacturing, within the Oval Office on the White House in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
At the White House, Cook offered Trump with a memento based mostly on Corning’s glass.
Apple additionally stated it had a multiyear provide settlement with Coherent to supply lasers for the iPhone’s facial recognition system.
The firm stated its U.S.-based provide chain would produce greater than 19 billion chips for its merchandise this yr. That’s together with chips made by TSMC in Arizona, Apple stated. It additionally contains U.S.-made wafers from GlobalWafers and chips from Texas Instruments.
Apple stated it will collaborate with Texas Instruments to put in further instruments in factories in Utah and Texas. GlobalFoundries, a U.S.-based foundry that manufactures older chips significantly for the U.S. authorities, will manufacture wi-fi charging expertise in New York for Apple.
The iPhone maker stated its purpose was to have an “end-to-end” provide chain, which signifies that each a part of the chipmaking course of can happen on American soil.
Earlier this yr, Apple stated it will make investments $500 million in a rare earths miner and that it will construct AI servers at a manufacturing unit in Texas.
“Oh, I love that you’re doing this,” Trump stated after studying an inventory of Apple’s bulletins.
“President Trump shared some kind words about that work, but he also asked us to think about what more we could commit to doing,” Cook stated about Apple’s earlier preliminary $500 billion dedication. “Mr. President, we took that challenge very seriously.”
Trump has criticized Apple and Cook for not making its smartphones within the U.S., a transfer that Apple has by no means signaled that it’s prone to make. Experts say that shifting manufacturing of a high-volume, sophisticated electronics product just like the iPhone to the U.S. could be economically infeasible and could take years.
When requested about the potential of making the iPhone within the U.S. on Wednesday, Cook stated that most of the elements contained in the system have been made within the U.S.
“If you look at the bulk of it, we’re doing a lot of the semiconductors here, we’re doing the glass here, we’re doing the face ID module here,” Cook stated.
Not Apple’s first U.S. dedication
Apple has made comparable bulletins prior to now. In 2018, beneath strain throughout the first Trump administration, Apple committed to spend $350 billion within the U.S. over 5 years, or about $70 billion per yr. In 2021, Apple announced plans to spend $430 billion over 5 years, or $86 billion per yr within the U.S. Wednesday’s announcement has the corporate at $600 billion over 4 years, or $125 billion per yr.
Much of what Apple has introduced has come to fruition, though the corporate does not report its U.S. spending on an annual foundation and suppliers typically do not get away how a lot income comes from Apple.
The firm additionally faces elevated tariffs that would damage its income. It’s at the moment paying for tariffs positioned on Chinese imports earlier this yr, and faces elevated import taxes on semiconductors when the Trump Administration finishes a so-called Section 232 investigation.
Trump stated on Wednesday that he deliberate to impose a 100% tariff on semiconductors and chips, however that Apple was exempt as a result of it’s committing to construct within the U.S.
Apple in May stated that almost all of telephones it is promoting within the U.S. are assembled in India to keep away from Chinese tariffs, and though tariffs on India are going as much as 25%, White House sources advised CNBC that the iPhone maker shall be “largely unaffected” by the India tariffs. Apple stated that tariffs may price the corporate $1.1 billion within the present quarter.
In 2017, Apple introduced that it was making a $1 billion manufacturing fund, which might go in the direction of future buy commitments with U.S. suppliers. Apple raised that to $10 billion earlier this yr. Corning, one of many members in Wednesday’s announcement, beforehand bought two public commitments from Apple’s manufacturing fund.
In 2021, Apple stated that its U.S. spending was outpacing its preliminary 2018 announcement. In its preliminary announcement, the corporate stated it will spend $10 billion on information facilities in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple operates information facilities in all these states at this time.
Apple on Wednesday stated it was increasing information facilities in North Carolina, Iowa, Nevada and Oregon.
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