U.S. President Donald Trump speaks as Apple CEO Tim Prepare dinner 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 Workplace on the White Home in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
Apple CEO Tim Prepare dinner and President Donald Trump on Wednesday introduced Apple will spend a further $100 billion on U.S. firms and suppliers over the following 4 years.
The corporate mentioned its funding would incentivize abroad firms to purchase extra U.S.-made components. The dedication is on high of a $500 billion announcement that Apple made in February.
“That is the most important funding Apple has ever made in America and wherever else,” Trump mentioned. “As you already know, Apple has been an investor in different nations a bit of bit, I will not say which of them, however a pair, they usually’re coming dwelling.”
Trump mentioned that he expects new U.S. factories to be constructed quickly based mostly on his insurance policies.
“There are a variety of factories and a variety of crops which are both below development or quickly we’ll be beginning development,” Trump mentioned. “So cannot inform you precisely when, however I wish to be round a yr from now.”
Apple mentioned on Wednesday that it had created the so-called American Manufacturing Program that features Corning, Coherent, GlobalWafers, Utilized Supplies, Texas Devices, Samsung, GlobalFoundries, Amkor and Broadcom.
The corporate mentioned it might spend $2.5 billion to fund a serious growth with Corning, which makes glass for iPhones in Kentucky. Apple mentioned that every one glass for iPhones and Apple Watches will probably be manufactured within the U.S. at Corning’s facility.
A present given by Apple CEO Tim Prepare dinner 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 Workplace on the White Home in Washington, D.C., U.S., August 6, 2025.
Jonathan Ernst | Reuters
On the White Home, Prepare dinner on Wednesday offered Trump with a memento based mostly on Corning’s glass.
Apple additionally mentioned it had a multiyear provide settlement with Coherent to provide lasers for the iPhone’s facial recognition system.
The corporate mentioned its U.S.-based provide chain would produce greater than 19 billion chips for its merchandise this yr. That is together with chips made by TSMC in Arizona, Apple mentioned. It additionally contains U.S.-made wafers from GlobalWafers, and chips from Texas Devices. Apple mentioned it might collaborate with Texas Devices to put in extra instruments in factories in Utah and Texas. GlobalFoundries, a U.S.-based foundry that manufactures older chips, particularly for the U.S. authorities, will manufacture wi-fi charging know-how in New York for Apple.
Apple mentioned its objective was to have an “end-to-end” provide chain, which implies that each a part of the chipmaking course of can happen on American soil.
Apple beforehand mentioned earlier this yr that it might make investments $500 million in a uncommon earths miner and that it might construct AI servers at a manufacturing facility in Texas.
“Oh, I really like that you just’re doing this,” Trump mentioned after studying a listing of Apple’s bulletins.
“President Trump shared some variety phrases about that work, however he additionally requested us to consider what extra we may decide to doing,” Prepare dinner mentioned about Apple’s earlier preliminary $500 billion dedication. “Mr. President, we took that problem very critically.”
Not Apple’s first U.S. dedication
Apple has made comparable bulletins previously. In 2018, below strain in the course of the first Trump administration, Apple dedicated to spend $350 billion within the U.S. over 5 years, or about $70 billion per yr. In 2021, Apple introduced 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.
A lot of what Apple has introduced has come to fruition, though the corporate would 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 corporate additionally faces elevated tariffs that might harm its income. It is presently paying for tariffs positioned on Chinese language imports earlier this yr, and faces elevated import taxes on semiconductors when the Trump Administration finishes a so-called Part 232 investigation.
Apple mentioned in Might that almost all of telephones it is promoting within the U.S. are assembled in India to keep away from Chinese language tariffs, and though tariffs on India are going as much as 25%, White Home sources advised CNBC that the iPhone maker will probably be “largely unaffected” by the India tariffs. Apple mentioned that tariffs may value 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 direction of future buy committments with U.S. suppliers. Apple raised that to $10 billion earlier this yr. Corning, one of many members in Wednesday’s announcement, beforehand acquired two public commitments from Apple’s manufacturing fund.
In 2021, it mentioned that its U.S. spending was outpacing its preliminary 2018 announcement. In its preliminary announcement, it mentioned it might spend $10 billion on information facilities in North Carolina, Oregon, Nevada, Arizona, and Iowa. Apple operates information facilities in all these states as we speak.
Apple mentioned on Wednesday that it was increasing information facilities in North Carolina, Iowa, Nevada, and Oregon.
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