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 that the iPhone maker will spend a further $100 billion on U.S. corporations and suppliers over the subsequent 4 years.
The corporate mentioned its funding would incentivize abroad corporations to purchase extra U.S.-made elements. 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 realize, Apple has been an investor in different nations just a little bit, I will not say which of them, however a pair, they usually’re coming house.”
Trump mentioned that he expects new U.S. factories to be constructed quickly based mostly on his insurance policies.
“There are a whole lot of factories and a whole lot of vegetation which are both underneath development or quickly we’ll be beginning development,” Trump mentioned. “So cannot inform you precisely when, however I need to be round a 12 months from now.”
Apple on Wednesday mentioned it 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 enlargement with Corning, which makes glass for iPhones in Kentucky. Apple mentioned 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 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 offered Trump with a memento based mostly on Corning’s glass.
Apple additionally mentioned it had a multiyear provide settlement with Coherent to supply 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 12 months. That is together with chips made by TSMC in Arizona, Apple mentioned. It additionally consists of 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 significantly for the U.S. authorities, will manufacture wi-fi charging know-how in New York for Apple.
The iPhone maker mentioned its objective 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 12 months, Apple mentioned it might make investments $500 million in a uncommon earths miner and that it might construct AI servers at a manufacturing unit in Texas.
“Oh, I like that you simply’re doing this,” Trump mentioned after studying an inventory of Apple’s bulletins.
“President Trump shared some type 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.”
Trump has criticized Apple and Prepare dinner for not making its smartphones within the U.S., a transfer that Apple has by no means signaled that it’s prone to make. Consultants say that shifting manufacturing of a high-volume, sophisticated electronics product just like the iPhone to the U.S. could be economically infeasible and will take years.
When requested about the potential of making the iPhone within the U.S. on Wednesday, Prepare dinner mentioned that most of the elements contained in the machine had been made within the U.S.
“Should you have a look at the majority of it, we’re doing a whole lot of the semiconductors right here, we’re doing the glass right here, we’re doing the face ID module right here,” Prepare dinner mentioned.
Not Apple’s first U.S. dedication
Apple has made comparable bulletins up to now. In 2018, underneath 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 12 months. In 2021, Apple introduced plans to spend $430 billion over 5 years, or $86 billion per 12 months within the U.S. Wednesday’s announcement has the corporate at $600 billion over 4 years, or $125 billion per 12 months.
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 at the moment paying for tariffs positioned on Chinese language imports earlier this 12 months, and faces elevated import taxes on semiconductors when the Trump Administration finishes a so-called Part 232 investigation.
Apple in Might mentioned 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 informed CNBC that the iPhone maker shall 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 commitments with U.S. suppliers. Apple raised that to $10 billion earlier this 12 months. Corning, one of many individuals in Wednesday’s announcement, beforehand bought two public commitments from Apple’s manufacturing fund.
In 2021, Apple mentioned that its U.S. spending was outpacing its preliminary 2018 announcement. In its preliminary announcement, the corporate mentioned it might spend $10 billion on knowledge facilities in North Carolina, Oregon, Nevada, Arizona and Iowa. Apple operates knowledge facilities in all these states right now.
Apple on Wednesday mentioned it was increasing knowledge facilities in North Carolina, Iowa, Nevada and Oregon.
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