The White House has announced that Apple will pledge $100 billion for manufacturing in the United States, focusing on building more jobs across the country. This investment is expected to be announced on Wednesday, with President Donald Trump set to make a statement at 4:30 pm in Washington.
White House economic adviser Kevin Hassett revealed that Apple is likely to make an investment announcement on Wednesday, discussing the financial pledges made by companies and countries under Trump’s administration. “They’re moving here in droves. This is trillions and trillions of dollars of commitments for people to build new factories here. In fact, you’re likely to see one today from Apple,” Hassett said in an interview.
The investment will help move key parts of Apple’s supply chain to the US, according to Bloomberg News. Assistant White House Press Secretary Taylor Rogers stated, “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.”
This latest investment comes after Apple pledged $500 billion in US investments in February, which includes a giant factory in Texas for artificial intelligence servers and the addition of about 20,000 research and development jobs across the country. Apple has previously made significant investments in the US, including a $350 billion pledge in 2018 and a $430 billion investment in 2021.
The investment announcement comes after Trump warned that he would impose a 25% tariff on Apple products if the company did not move its manufacturing efforts to the US. However, analysts have expressed doubts about the feasibility of such a shift. Dan Ives at Wedbush Securities noted, “We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” estimating it would take at least five to ten years to shift production to the US.
Apple’s stock has surged in anticipation of the US investment announcement, with shares up more than 3.8% since the market opened on Wednesday. In April, Apple announced plans to move the assembly of the majority of its US-bound iPhones to India, aiming to reduce reliance on China amid the ongoing trade war.
Apple’s investment in the US is part of its larger commitment to American innovation and manufacturing. The company has doubled its US Advanced Manufacturing Fund from $5 billion to $10 billion, supporting high-tech manufacturing and skills development. This fund will help promote advanced manufacturing and create thousands of high-paying jobs across the country.