Apple expected to announce another $100B U.S. manufacturing investment

AppleInsider

After an early-morning tease, further reports claim that Apple will invest another $100 billion into manufacturing in the United States, and President Donald Trump is expected to announce it on Wednesday alongside CEO Tim Cook.

Tim Cook [left], President Donald Trump [right]

Early on Wednesday, it was said by a White House advisor that Apple could make a major announcement involving investment in the United States later in the day, A short time later, and the White House has pressed ahead in declaring it will be happening.

The statement from White House spokesperson Taylor Rogers received by Bloomberg states that Apple will be announcing another investment into U.S.-based manufacturing.

"President Trump's America First economic agenda has secured trillions of dollars in investments that support American jobs and bolster American business," Rogers states. "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."

While the contents of the announcement isn't revealed in the statement, an anonymous White House official told the report that the investment will be in the region of $100 billion.

Trump will be making the announcement, with expectations that Apple CEO Tim Cook will also be in attendance.

More investment

Early reporting claims that the new $100 billion is said to be on top of the $500 billion announcement made by Apple in February into U.S. holdings. That $500 billion pledge was said at the time to go towards an expansion of the Advanced Manufacturing Fund and a manufacturing facility in Houston, Texas, among other investments.

However, while a PR coup for the White House, the February $500 billion investment pledge was simply a continuation of Apple's previous investment confirmations, and not a massive rise either. In 2018, it pledged to spend $350 billion on projects in the U.S., followed by another $430 billion in 2021.

The new Apple investment claim also follows a Trump announcement from earlier in the day about TSMC investing $300 billion into U.S. manufacturing.

It is currently unknown what exactly the fresh $100 billion investment will be spent on.

Apple has yet to comment on the expectations of an announcement, nor has confirmed the announcement itself.



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9secondkox2

That’s nice and all, but where is the announcement that they’ll be manufacturing anything in America? 

jamescude

9secondkox2 said:

That’s nice and all, but where is the announcement that they’ll be manufacturing anything in America? 

Are you volunteering for a nice factory job then?

randominternetperson

What a world we live in now. The market is thrilled about this announcement. I’m sure it’s not about the actual impact of a big investment in domestic manufacturing. It’s all about believing that Apple might get favorable treatment from our fickle king because they are willing to make look good with a joint announcement. Then at some point DJT will tweet something negative about Apple and AAPL will get clobbered again. 

seymour

They’re just manipulating the old nut job into keeping tariffs low so American customers will continue to buy their products and profits continue to rise. Cook is a smart man. They can back pedal on any of this if the government changes. I am interested to see if iOS26 will have the new Epstein Files app. 

charlesn

If there's one thing I love about this Republican administration, it's their small "g" government approach! They're all about getting government and regulations off the backs of businesses, finally! Except, of course, for the use of tariffs as blatant extortion to force businesses to invest where Trump wants them to invest, the actual economics of such investment be damned!

By the way, how is that $10 billion investment from Foxconn in Wisconsin going, the one that Trump 45 announced with much fanfare? Have they filled all 13,000 new jobs yet? /s

edited August 6

rezwits

I love how AppleInsider (i.e. you guys) keep changing the Tim Cook <–> Trump, picture.  From the one where they are looking straight ahead and Tim looks pissed, then going to the image in this one where they're discussing things, then back and forth.  It's entertaining to say the least...

sconosciuto

randominternetperson said:

What a world we live in now. The market is thrilled about this announcement. I’m sure it’s not about the actual impact of a big investment in domestic manufacturing. It’s all about believing that Apple might get favorable treatment from our fickle king because they are willing to make look good with a joint announcement. Then at some point DJT will tweet something negative about Apple and AAPL will get clobbered again. 

I’m old enough to remember when conservatives would lose their shit over a POTUS who would demand obeisance from the most important American CEOs with the threat of devastating their markets with onerous taxes if they don’t.

What the hell, I guess when one has decided that treason and pedophilia are A-OK then rank hypocrisy is small potatoes.

mike wuerthele

9secondkox2 said:

That’s nice and all, but where is the announcement that they’ll be manufacturing anything in America? 

We're not expecting one of those today.

badmonk

charlesn said:

If there's one thing I love about this Republican administration, it's their small "g" government approach! They're all about getting government and regulations off the backs of businesses, finally! Except, of course, for the use of tariffs as blatant extortion to force businesses to invest where Trump wants them to invest, the actual economics of such investment be damned!

By the way, how is that $10 billion investment from Foxconn in Wisconsin going, the one that Trump 45 announced with much fanfare? Have they filled all 13,000 new jobs yet? /s

Thanks of the post and that was Trumpeted at the time as a huge American success.  And you forgot to mention the people who were upended by eminent domain in the process.  It was a shit show but it got Foxconn some tax breaks.

9secondkox2

JamesCude said:

9secondkox2 said:

That’s nice and all, but where is the announcement that they’ll be manufacturing anything in America? 

Are you volunteering for a nice factory job then?

That’s a pretty weird leap. But I’ll bite. 

Not at the moment. But there have been a couple of times in my younger years I’d have jumped at it. And I suspect there are plenty who would do so right now. Between unemployed, laid off, meats food workers, security guards, etc. there is actually quite a pool to pull from. 

edited 1:08AM