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 enhance its funding in US manufacturing by a further $100 billion over the following 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 shall be about bringing extra of its provide chain and superior manufacturing to the United States as a part of an initiative referred to as the American Manufacturing Programme, however it isn’t a full dedication to construct its standard iPhone system 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 embody Corning, Coherent, Applied Materials, Texas Instruments and Broadcom amongst others.
Apple had beforehand stated it meant to invest $500 billion domestically, a determine it should now enhance 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 yr, Mr. Trump stated there was “a little problem” with the Cupertino, California, firm and recalled a dialog with Mr. Cook in which he stated he advised 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 put a further 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 may put the mixed tariffs on Indian items at 50%.
Apple’s new pledge comes just some weeks after it solid a $500 million cope with MP Materials, which runs the one uncommon earths producer in the nation. That settlement will allow MP Materials to broaden a manufacturing unit in Texas to use recycled supplies to produce 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 among the iPhone parts made in the U.S. such because the system’s glass show and module for figuring out individuals’s faces after which indicated the corporate was gearing to broaden its manufacturing of different parts 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 advised analysts final week, with out elaborating.
News of Apple’s newest funding in the US induced the corporate’s inventory worth to surge by 5 per cent in Wednesday’s noon buying and selling. That acquire displays buyers’ reduction 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 yr, a reversal of fortune that has additionally been pushed by the corporate’s botched begin in the pivotal area of synthetic intelligence.
