Trump will highlight Apple's plans to invest $100 billion more in US, raising total to $600 billion
Share and Follow

WASHINGTON — President Donald Trump on Wednesday is expected to celebrate at the White House a commitment by Apple to increase its U.S. investments by an additional $100 billion over the next four years.

“Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security,” White House spokeswoman Taylor Rogers said.

Apple had previously said it intended to invest $500 billion domestically, a figure it will now increase to $600 billion. Trump in recent months has criticized the tech company and its CEO, Tim Cook, for efforts to shift iPhone production to India to avoid the tariffs his Republican administration had planned for China.

While in Qatar earlier this year, Trump said there was “a little problem” with Apple and recalled a conversation with Cook in which he said he told the CEO, “I don’t want you building in India.”

India has incurred Trump’s wrath, as the president signed an order Wednesday to put an additional 25% tariff on the world’s most populous country for its use of Russian oil. The new import taxes to be imposed in 21 days could put the combined tariffs on Indian goods at 50%.

As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the U.S.

Apple’s new pledge comes just a few weeks after it forged a $500 million deal with MP Materials, which runs the only rare earths producer in the country. That agreement will enable MP Materials to expand a factory in Texas to use recycled materials to produce magnets that make iPhones vibrate.

Speaking on a recent investors call, Cook emphasized that “there’s a load of different things done in the United States.” As examples, he cited some of the iPhone components made in the U.S. such as the device’s glass display and module for identifying people’s faces and then indicated the company was gearing to expand its productions of other components in its home country.

“We’re doing more in this country, and that’s on top of having roughly 19 billion chips coming out of the US now, and we will do more,” Cook told analysts last week, without elaborating.

Apple Inc., which is based in Cupertino, California, didn’t immediately comment Wednesday.

News of Apple’s latest investment in the U.S. caused the company’s stock price to surge by nearly 6% in Wednesday’s midday trading. That gains reflect investors’ relief that Cook “is extending an olive branch” to the Trump administration, said Nancy Tengler, CEO of money manager Laffer Tengler Investments, which owns Apple stock.

Despite Wednesday’s upturn, Apple’s shares are still down by 14% this year, a reversal of fortune that has also been driven by the company’s botched start in the pivotal field of artificial intelligence.

Bloomberg News first reported the announcement of Apple’s additional investment commitment.

Copyright © 2025 by The Associated Press. All Rights Reserved.

Share and Follow
You May Also Like

Trump’s Wide-Ranging Tariffs Take Effect: Key Details You Should Know

WASHINGTON () President Donald Trump began imposing new import taxes on goods…

Who is Quornelius Radford? The Army sergeant accused of shooting 5 soldiers at Fort Stewart in Georgia

NEWYou can now listen to Fox News articles! The man accused of…

Las Vegas Man Targeted with Bloody Pig’s Head and Note Following AI Real Estate Transaction

LAS VEGAS (KLAS) — Fan or hate mail is typical following a…

Guardians’ Gavin Williams Reflects on Near No-Hitter: Pitch Count Not an Issue

Gavin Williams was determined to stay in the game, and Cleveland’s manager,…

Texas Democrats Remain Resolute After Bomb Threat at Illinois Hotel

() Two Democratic Texas lawmakers were evacuated from a hotel outside of…

Florida Poly and OCOM offer accelerated medical degree to address physician shortage

NEWYou can now listen to Fox News articles! Amid a growing healthcare…

Jennifer Aniston Spotted in NYC With New Beau Despite Mysterious Injury

Jennifer Aniston glowed as she stepped out in New York City on…

Constitution Segments Unpublished on Library of Congress Website Due to Coding Mistake

The disappearance, which included the section guaranteeing habeas corpus, was first flagged…