Trump declares Apple to speculate one other $100 billion in U.S. manufacturing

Apple CEO Tim Cook joined U.S. President Donald Trump on the White House on Wednesday (August 6, 2025) to announce a dedication by the tech firm to extend its funding in US manufacturing by an extra $100 billion over the subsequent 4 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,” Mr. Trump stated on the press convention. “Today’s announcement is one of the largest commitments in what has become among the greatest investment booms in our nation’s history.”

As a part of the Apple announcement, the investments will probably be about bringing extra of its provide chain and superior manufacturing to the United States as a part of an initiative known as the American Manufacturing Programme, however it isn’t a full dedication to construct its common iPhone machine 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 stated in an announcement asserting the funding.

The new manufacturing companions embrace Corning, Coherent, Applied Materials, Texas Instruments and Broadcom amongst others.

Apple had beforehand stated it supposed to speculate $500 billion domestically, a determine it is going to now improve to $600 billion. Mr. Trump in latest months criticised the tech firm and Mr. Cook for efforts to shift iPhone manufacturing to India to keep away from the tariffs his Republican administration had deliberate for China.

While in Qatar earlier this 12 months, Mr. Trump stated there was “a little problem” with the Cupertino, California, firm and recalled a dialog with Mr. Cook wherein he stated he instructed the CEO, “I do not want you building in India.”

Targetting India

India has incurred Trump’s wrath, because the president signed an order on Wednesday to place an extra 25% tariff on the world’s most populous nation for its use of Russian oil. The new import taxes to be imposed in 21 days might put the mixed tariffs on Indian items at 50%.

Apple’s new pledge comes just some weeks after it cast a $500 million take care of MP Materials, which runs the one uncommon earths producer within the nation. That settlement will allow MP Materials to develop a manufacturing facility in Texas to make use of recycled supplies to supply magnets that make iPhones vibrate.

Speaking on a latest buyers name, Mr. Cook emphasised that “there is a load of different things done in the United States”. As examples, he cited a few of the iPhone elements made within the U.S. such because the machine’s glass show and module for figuring out folks’s faces after which indicated the corporate was gearing to develop its manufacturing of different elements in its residence nation.

“We are doing more in this country, and that is on top of having roughly 19 billion chips coming out of the U.S. now, and we will do more,” Cook instructed analysts final week, with out elaborating.

News of Apple’s newest funding within the US precipitated the corporate’s inventory value to surge by 5 per cent in Wednesday’s noon buying and selling. That acquire displays buyers’ aid that Cook “is extending an olive branch” to the Trump administration, stated Nancy Tengler, CEO of cash supervisor Laffer Tengler Investments, which owns Apple inventory.

Despite Wednesday’s upturn, Apple’s shares are nonetheless down by 15% this 12 months, a reversal of fortune that has additionally been pushed by the corporate’s botched begin within the pivotal discipline of synthetic intelligence.