Apple Pledges To Invest $100B In U-S Expansion

Apple has announced a $100 billion investment to expand its U.S. operations on Wednesday, following President Donald Trump's threat to impose a hefty import tax on chips entering the country.

The move comes after Apple’s earlier $500 billion commitment to bolster its domestic presence, prompted by Trump’s tariffs on U.S. trading partners that have already cost the company billions. 

The new investment focuses on strengthening ties with key U.S. suppliers as Trump pushes tech giants like Apple to relocate production to the U.S.

During an Oval Office event celebrating the investment, Trump reiterated his tariff strategy, threatening 100% levies on foreign-made semiconductors and chips. However, he exempted companies committed to U.S.-based production, without specifying a timeline for the chip tariffs’ announcement or implementation.

“If you’re building in the United States or have committed to build, there will be no charge,” Trump said regarding the semiconductor tariffs.

In a press release, Apple CEO Tim Cook expressed gratitude to Trump for supporting the company’s efforts. Speaking alongside Trump in the Oval Office, Cook referenced the prior $500 billion investment, saying, “President Trump asked us to consider what more we could do, and we took that challenge seriously.”

Cook noted that fully assembling iPhones in the U.S. remains a distant goal despite Trump’s pressure. For now, Apple is prioritizing domestic production of iPhone components, an approach Trump appears to accept.